Morningstar Q3 Earnings Outpace Expectations Amid Financial Exchanges & Data Stocks Performance

Morningstar (NASDAQ:MORN) reported Q3 revenues of $617.4 million, up 8.4% YoY, exceeding analysts' expectations by 2.4%. The company's stock has risen 1.5% since reporting and currently trades at $212.02. Moody's (NYSE:MCO) reported revenues of $2.01 billion, up 10.7% YoY, outperforming analysts' expectations by 2.4%. Both companies have stable revenue from trading fees and subscriptions, increasing demand for data analytics, and expansion opportunities in emerging markets. However, they face challenges such as regulatory oversight, competition, and substantial technology investments.