FactSet Research Systems (FDS) Shares Rise Nearly 3%
March 16, 2010 11:43 AM
Shares of FactSet Research Systems Inc. (NYSE: FDS) were up nearly 3% in afternoon trading, after the company posted earnings and sales figures that just managed to beat Wall Street estimates.
FactSet Research Systems reported it earned $36.1 million, or 75 cents per share, compared to $34.6 million, or 71 cents per share, in the same period a year earlier.
Revenue rose slightly to $157.3 million from $156.5 million.
The results were slightly better than Wall Street expectations of a profit of 74 cents per share on sales of $156.4 million.
FactSet Research Systems also announced that it expects to earn between 75 cents and 77 cents per share on sales of $157 million to $161 million during its 3rd fiscal quarter, which is in line with analyst estimates.
Shares of FactSet Research Systems were trading at $73.59 during early afternoon trading.
