FactSet Research Systems Beats Earnings

FactSet Research Systems (FDS) earned 38 cents a share last quarter, one penny more than estimates.

Revenue totaled $93.7 million, a 23 percent jump from $76.5 million a year earlier and beating the consensus target of $92.3 million.
Looking forward, FactSet forecast third-quarter revenue of $95 million to $97 million. That compares with analysts’ expectations for $94.9 million in revenue.
Last month, the company acquired Europrospectus.com for $7.5 million of cash in a deal that increased quarterly subscriptions by $3.2 million, but is projected to dilute earnings by 1 cent per share over the next year.

The stock broke out to a new all-time high this morning. Dell (DELL) is up about 2.7%, and Biomet (BMET) is down -2.5%.

Posted by on March 21st, 2006 at 11:13 am


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