CHICAGO (AP) — Morningstar Inc. (MORN) on Wednesday reported second-quarter net income of $48.2 million.

On a per-share basis, the Chicago-based company said it had net income of $1.12. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were $1.43 per share.

The investment research firm posted revenue of $327.9 million in the period.

Morningstar shares have risen 7% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $162.23, a climb of 5% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MORN at https://www.zacks.com/ap/MORN