FactSet Research Systems Earnings: Here’s Why Shares are Down Now
FactSet Research Systems Inc. (NYSE:FDS) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.05%.
FactSet Research Systems Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 11.11% to $1.2 in the quarter versus EPS of $1.08 in the year-earlier quarter.
Revenue: Rose 5.61% to $219.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: FactSet Research Systems Inc. reported adjusted EPS income of $1.2 per share. By that measure, the company missed the mean analyst estimate of $1.21. It beat the average revenue estimate of $218.93 million.
Quoting Management: “We are excited to report fourth quarter results that include ASV growth of $25 million and adjusted EPS growth of 11%. FactSet accelerated from growth in all geographies and across each user vertical,” said Philip Hadley, Chairman and CEO. “We continue to expand the depth and breadth of our product suites and invest to capture an attractive forward opportunity, as evidenced by our employee growth this quarter.”
Key Stats (on next page)…