FactSet: Fiscal 1Q Earnings Snapshot
NORWALK, Conn. (AP) _ FactSet Research Systems Inc. (FDS) on Tuesday reported fiscal first-quarter net income of $84.3 million.
The Norwalk, Connecticut-based company said it had profit of $2.17 per share. Earnings, adjusted for one-time gains and costs, came to $2.35 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.28 per share.
The financial data firm posted revenue of $351.6 million in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $349.5 million.
FactSet expects full-year earnings in the range of $9.45 to $9.65 per share, with revenue in the range of $1.41 billion to $1.45 billion.
FactSet shares have risen 13 percent since the beginning of the year. The stock has climbed 6 percent in the last 12 months.