Thursday, August 11, 2005

Good MORNing

Morningstar (MORN) reported their second quarter earnings yesterday.. and it was a blowout! They had a net income of $9.5 million, or 22 cents a share, compared with $1.3 million, or 3 cents, earned this time last year. The stock finished up about 16% for the day. Morningstar recently went public in May and its shares are up just over 70%.

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