Morningstar (MORN) reported Q1 adjusted earnings late Wednesday of $2.23 per diluted share, up from $1.73 a year earlier.

One analyst polled by FactSet expected non-GAAP EPS of $1.79.

Revenue for the quarter ended March 31 was $581.9 million, up from $542.8 million a year earlier.

Two analysts surveyed by FactSet expected $585.8 million.

Shares were up more than 4% in recent after-market activity.

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