RSS Factset Research Systems Inc. Q1 Profit Increases, Beats Estimates

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 RSS Factset Research Systems Inc. Q1 Profit Increases, Beats Estimates

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FactSet Research Systems Inc. (FDS) reported improved earnings for its first quarter, surpassing Wall Street expectations. The company posted a net income of $150.022 million, which translates to $3.89 per share, up from $148.555 million or $3.84 per share during the same quarter last year. On an adjusted basis, FactSet achieved earnings of $168.132 million or $4.37 per share.

The consensus among analysts, as gathered by Thomson Reuters, was a projected earnings per share (EPS) of $4.28, typically excluding any special items.

Revenue for the quarter experienced a 4.9% growth, reaching $568.667 million, compared to $542.216 million in the previous year.

A snapshot of FactSet's quarterly financial performance (GAAP) is as follows:

- **Net Income (Q1):** $150.022 million, compared to $148.555 million last year.

- **Earnings Per Share (EPS, Q1):** $3.89, up from $3.84 in the previous year.

- **Revenue (Q1):** $568.667 million, up from $542.216 million last year.

**Outlook:**

- **Full-year EPS guidance:** Between $16.80 and $17.40.

- **Full-year revenue guidance:** Ranging from $2.285 billion to $2.305 billion.

The material has been provided by InstaForex Company - www.instaforex.com
 
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