FactSet: Fiscal 2Q Earnings Snapshot
NORWALK, Conn. (AP) _ FactSet Research Systems Inc. (FDS) on Thursday reported fiscal second-quarter net income of $88.7 million.
On a per-share basis, the Norwalk, Connecticut-based company said it had profit of $2.30. Earnings, adjusted for non-recurring costs and amortization costs, came to $2.55 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.47 per share.
The financial data firm posted revenue of $369.8 million in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $370.4 million.
FactSet expects full-year earnings in the range of $9.85 to $10.15 per share, with revenue in the range of $1.49 billion to $1.5 billion.
FactSet shares have declined 13% since the beginning of the year. The stock has declined slightly 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