FactSet Profit Rises In Line With Expectations

By Markets MarketWatch Pulse

FactSet Research Systems Inc. reported Tuesday fiscal third-quarter earnings that rose to $66.8 million, or $1.62 a share, from $61.4 million, or $1.45 a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to $1.64. That matched the Estimize consensus of $1.64, which is generated by crowd sourcing estimates from buy-side analysts, hedge-fund managers, academics and others. Revenue rose 13% to $287.5 million, just shy of the Estimize consensus of $287.8 million. Annual subscription value as of May 31 was $1.16 billion, up 9.3% from a year ago. For the current quarter ending August, the desktop financial analytics company expects adjusted EPS of $1.68 to $1.72 and revenue of $292 million to $298 million, which surround the Estimize consensus for EPS of $1.70 and revenue of $295.6 million. The stock, which was still inactive in permarket trade, has lost 7% year to date, while the S&P 500 has slipped 2.1%.

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