FactSet: Fiscal 4Q Earnings Snapshot

September 25, 2018

NORWALK, Conn. (AP) _ FactSet Research Systems Inc. (FDS) on Tuesday reported fiscal fourth-quarter net income of $68.8 million.

The Norwalk, Connecticut-based company said it had profit of $1.77 per share. Earnings, adjusted for non-recurring costs and amortization costs, were $2.20 per share.

The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.22 per share.

The financial data firm posted revenue of $345.9 million in the period, also falling short of Street forecasts. Eight analysts surveyed by Zacks expected $346.4 million.

For the year, the company reported profit of $267.1 million, or $6.78 per share. Revenue was reported as $1.35 billion.

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 20 percent since the beginning of the year. The stock has risen 37 percent 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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