Factset Research Systems Inc. Q3 Profit Decreases, but beats estimates

Factset Research Systems Inc. (FDS) announced a profit for third quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings came in at $74.91 million, or $1.93 per share. This compares with $100.67 million, or $2.62 per share, in last year's third quarter.

Excluding items, Factset Research Systems Inc. reported adjusted earnings of $145.79 million or $3.76 per share for the period.

Analysts on average had expected the company to earn $3.23 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 22.3% to $488.75 million from $399.55 million last year.

Factset Research Systems Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $74.91 Mln. vs. $100.67 Mln. last year.
-EPS (Q3): $1.93 vs. $2.62 last year.
-Analyst Estimates: $3.23
-Revenue (Q3): $488.75 Mln vs. $399.55 Mln last year.

Full year EPS guidance: $12.75-$13.15
Full year revenue guidance: $1.800 Bn-$1.830Bn

For comments and feedback contact: editorial@rttnews.com

Follow RTT