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FactSet: Fiscal 3Q Earnings Snapshot

June 25, 2019

NORWALK, Conn. (AP) _ FactSet Research Systems Inc. (FDS) on Tuesday reported fiscal third-quarter profit of $92.3 million.

On a per-share basis, the Norwalk, Connecticut-based company said it had net income of $2.37. Earnings, adjusted for one-time gains and costs, came to $2.62 per share.

The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.37 per share.

The financial data firm posted revenue of $364.5 million in the period, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $358.9 million.

FactSet expects full-year earnings in the range of $9.80 to $9.90 per share, with revenue in the range of $1.42 billion to $1.44 billion.

FactSet shares have increased 47% since the beginning of the year. The stock has risen 39% in the last 12 months.


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

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