FactSet: Fiscal Q1 Earnings Snapshot
NORWALK, Conn. (AP) — NORWALK, Conn. (AP) — FactSet Research Systems Inc. (FDS) on Thursday reported fiscal first-quarter earnings of $150 million.
On a per-share basis, the Norwalk, Connecticut-based company said it had profit of $3.89. Earnings, adjusted for one-time gains and costs, were $4.37 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $4.30 per share.
The financial data firm posted revenue of $568.7 million in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $565.4 million.
FactSet expects full-year earnings in the range of $16.80 to $17.40 per share, with revenue in the range of $2.29 billion to $2.31 billion.
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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