FactSet: Fiscal 1Q Earnings Snapshot

December 19, 2019 GMT

NORWALK, Conn. (AP) _ FactSet Research Systems Inc. (FDS) on Thursday reported fiscal first-quarter earnings of $94 million.

On a per-share basis, the Norwalk, Connecticut-based company said it had profit of $2.43. Earnings, adjusted for one-time gains and costs, were $2.58 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.42 per share.

The financial data firm posted revenue of $366.7 million in the period, which did not meet Street forecasts. Seven analysts surveyed by Zacks expected $367.4 million.

FactSet expects full-year earnings in the range of $9.85 to $10.15 per share.

FactSet shares have risen 34% since the beginning of the year. The stock has risen 29% in the last 12 months.


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