FactSet's Stock Under Selling Pressure Following Q4 Results

FactSet Research Systems Inc. FDS delivered lower than expected results for the fourth quarte.

The company reported adjusted net income of $68.61 million, or $1.69 a share, up from $63.25 million, or $1.48 a share, in the year-ago quarter. This is short by a penny from $1.70 EPS estimated by the Street.

FactSet delivered revenue of $287.29 million compared to $261.78 million representing an increase of 9.7 percent. However, this fell short of analysts' predictions of $290.43 million.

CEO Phil Snow commented, "We continue to build market share. Our broadening suite of products allows us to partner with our clients to address an increasingly larger percentage of their enterprise workflow."

Moving ahead, FactSet expects adjusted EPS between $1.68 and $1.72 on revenue of $286-$292 million for the first quarter. Street analysts are looking for an EPS of $1.72 on revenue of $292.68 million.

Following this, the stock fell $1.19, or 0.68 percent, to $175 in the pre-market trading on Tuesday.