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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.

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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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