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FactSet Research Systems (FDS) Pulled Back After Q1 Report

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FactSet Research Systems (FDS: Quote) reported first quarter adjusted EPS of $1.22 Tuesday morning, compared to the consensus estimate of $1.11. Revenues increased to $211.08 million from $196.45 million last year. Analysts expected revenue of $212.26 million for the quarter.

The company expects to report second quarter revenues of $212 million to $215 million and EPS between $1.11 and $1.13. Analysts expect the company to report revenues of $216.27 million EPS of $1.13.

FactSet Research Systems gapped open sharply lower Tuesday, but traded in a range throughout the session. The stock closed down by 4.20 at $92.19, with volume at a 6-month high.

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by RTT Staff Writer

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