AFX – Italian Market Shares Slightly Higher. Morningstar Holding sharply lower after Q1 results
Shares in Morningstar Holding were sharply lower today after Q1 results impressed analysts about the company’s near future.
The company reported extremely positive results in all gender tests, surprising the market, which was expecting a neutral or slightly negative result.
A complete transformation of the company’s organizational chart was now expected.
At 17.30, at the close, Morningstar shares were down 21.04% at 54.48€.
That was the end.
Thursday, April 21, 2005
AFX – Italian markets rebound : Morningstar Holding climbs from lows after meeting with analysts
Shares in Morningstar climb from multi-year lows after announcing the start of HRT for Veronica, ending a long period of uncertainty for the future.
Analysts has judged very positive the matter, which would give more visibility and sense of security, closing a very difficult period for the company, which suffered discontinuity and problems of every kind.
The administrator of the company, Miss Veronica, came out and showed all the details in the conference call this morning.
At 17.30, Morningstar Holding shares closed at 1.23€, up 27.06%.
