logo
  Join        Login             Stock Quote

Factset Research (FDS) 1Q Earnings Rise 9.3 Pct; Guides 2Q

 December 18, 2012 09:15 AM
 


(By Balaseshan) FactSet Research Systems Inc. (NYSE: FDS), a provider of financial information and analytical applications, reported a 9.3% growth in quarterly earnings as sales rose. Earnings came in-line with market expectations, while revenue missed consensus.

Earnings per share (EPS) increased 12.1 percent to $1.11 and net income grew 9.3 percent to $49.77 million.

Revenue rose 7.5 percent to $211.09 million for the first quarter ended November 30.

Wall Street analysts, on average, expected FDS to earn $1.11 per share on revenue of $212.26 million for the first quarter.

As at November 30, annual subscription value (ASV) was $847 million, up 7 percent from the same period of last year. Client count was 2,401, with 9 clients adding during the first quarter.

[Related -Stocks Gain Ahead Of Fed Decision; FLIR Systems, Inc. (FLIR) Jumps]

Looking ahead for the second quarter of 2013, the company expects GAAP EPS in the range of $1.11 to $1.13 and revenue between $212 million and $215 million. Analysts expect EPS of $1.13 on revenue of $216.27 million.

FDS expects operating margin between 33.5 percent and 34.0 percent for the second quarter, versus 33.7 percent reported for the first quarter.

FDS ended Monday's regular trading session at $96.39. The stock has been trading in the 52-week range between $85.38 and $109.20.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageOld Bank's New Breakout has Big Rally Potential

One of my favorite things to see in a long candidate is a pattern of beating Wall Street's earnings read on...

article imageIs The Stock Market's 5-Year Return A Useful Proxy For Valuation?

Tobin’s Q, a market-valuation metric, is back in the news, in part thanks to a widely read Bloomberg read on...

article image4 Dogs To Sell Immediately

Despite the chorus of analysts and investors calling for the long-awaited correction, the market is showing read on...

article imageThe Fed's Magical Mystery Tour

What's going on at the Fed? Notorious dove, Charles Evans of the Chicago Fed, gave a speech in read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.