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FactSet: Fiscal 3Q Earnings Snapshot

June 25, 2020 GMT

NORWALK, Conn. (AP) _ FactSet Research Systems Inc. (FDS) on Thursday reported fiscal third-quarter profit of $101.2 million.

On a per-share basis, the Norwalk, Connecticut-based company said it had profit of $2.63. Earnings, adjusted for one-time gains and costs, came to $2.86 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.44 per share.

The financial data firm posted revenue of $374.1 million in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $377.5 million.

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FactSet expects full-year earnings in the range of $10.40 to $10.60 per share, with revenue expected to be $1.49 billion.

FactSet shares have risen 11% since the beginning of the year. The stock has increased slightly more than 1% 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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