Morningstar announced that its third-quarter profits jumped 80% to $13.5 million, or 29 cents a share, from $7.5 million, or 17 cents a share, from the year-ago period, Bloomberg reports. More than half of the increase was due to acquiring Ibbotson Associates in March and Aspect Huntley in July. Morningstar’s international units contributed $12.3 million in revenue, an increase of 63%.

“It’s a growth story,” said Marvin Loh, an analyst with Oppenheimer.

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