Morningstar reported it earned $20.8 million in the third quarter, or 41 cents a diluted share, a 7.5% decrease from the $22.5 million, or 45 cents a diluted share, it earned in the third quarter of 2009.

Revenues, however, increased 16.4% to $139.8 million from the $120.1 million it earned in the third quarter of 2009. Excluding acquisitions and the impact of foreign currency translations, however, revenue growth came in substantially lower, at 6.6%.

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