UPDATE: FactSet Research Posts 4.8% Rise In FQ1 Profit, Issues Downbeat Outlook

FactSet Research Systems

reported a 4.8% rise in its fiscal first-quarter profit and issued a weak earnings guidance for the current quarter. FactSet Research expects current-quarter earnings of $1.20 to $1.23 per share, versus analysts' estimates of $1.25 per share. It expects revenue of $225 million to $228 million, versus analysts' estimates of $227 million. FactSet Research's quarterly profit surged to $52.2 million, or $1.19 per share, from $49.8 million, or $1.11 per share, in the year-ago period. Excluding one-time items, its adjusted earnings came in at $1.22 per share. Its revenue climbed 5.6% to $223 million. The company had earlier expected earnings of $1.21 to $1.24 per share on revenue of $222 million to $225 million. FactSet Research's operating margin shrank to 33.5% versus 33.7%. FactSet Research shares closed at $117.07 yesterday.