Plus   Neg

FactSet Maintains FY20 Outlook - Quick Facts

While reporting financial results for the second quarter on Thursday, FactSet Research Systems Inc. (FDS) maintained its earnings and revenue outlook for the full-year 2020.

For fiscal 2020, the company continues to project earnings in a range of $8.70 to $9.00 per share and adjusted earnings in a range of $9.85 to $10.15 per share on revenue between $1.49 billion and $1.50 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $10.02 per share on revenues of $1.49 billion for the year. Analysts' estimates typically exclude special items.

The company said due to the ongoing uncertainty surrounding the duration, magnitude, and impact of the novel coronavirus (COVID-19) pandemic, FactSet's actual future results may differ materially from these expectations.

"While we proceed with caution for the remainder of the year due to the heightened impact and uncertainty surrounding the coronavirus pandemic, our commitment to our team and our clients remains absolute," said Phil Snow, FactSet CEO.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
3M rebuffed media reports over the alleged seizure of a shipment of N95 Respirators by U.S. authorities, saying there were a no evidence to suggest the Respirators were seized and diverted to the U.S. Lowe's (LOW) is temporarily increasing wages of its employees. The latest move by the hardware retailer is to help its employees cope with the economical effects caused by the ongoing COVID-19 pandemic. The company has hiked salary by $2 per hour for all full-time, part-time, and seasonal hourly associates,... Amazon.com Inc. (AMZN) Founder and CEO Jeff Bezos is donating $100 million to food banks across the U.S. to support poor people who cannot afford food during this coronavirus crisis. Bezos made a $100 million gift to Feeding America, one of the largest U.S. nonprofit focused on food security. Feeding...
Follow RTT