Financial data provider FactSet Research Systems Inc. (FDS) posted higher third-quarter net income of $53.37 million, or $1.20 a share, compared with $47.98 million, or $1.05 a share, a year before.
Excluding income tax benefits of $2.3 million or $0.05 a share related to finalizing prior years' tax returns, adjusted net income for the three-month period amounted to $51.1 million, or $1.15 a share. On average, 9 analysts polled by Thomson Reuters expected earnings per share of $1.15 for the quarter. Analysts' estimates typically exclude one-time items.
For the latest quarter, revenues totaled $214.61 million, up 6% from the prior year's $202.31 million. Included in this total was $2.9 million of acquired revenues from StreetAccount. Analysts estimated revenues of $214.94 million for the quarter.
Looking ahead to the fourth quarter of fiscal 2013, GAAP earnings per share are estimated to range between $1.18 and $1.21, on revenues ranging between $218 million and $221 million. Analysts project fourth-quarter earnings of $1.18 a share, and revenue of $220.22 million.
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