(Reuters) - Morningstar, known for its star system of rating mutual funds' performances, said costs rose in the quarter due to the acquisitions, hurting operating margins.
Net income rose to $15.8 million, or 33 cents a share, from $13.4 million, or 29 cents a share, a year earlier. The analysts' average forecast was 36 cents a share, according to Reuters Estimates.
Read more at Reuters.com Market News
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