FactSet Drops on Earnings

Shares of FactSet (FDS) are down sharply today after posting earnings that were in line with expectations, which makes you wonder what the expectations really were. For their fiscal first quarter, FactSet made 74 cents a share and revenues were down a trivial amount. For the second quarter, which ends in January, the company sees EPS ranging between 73 and 75 cents a share. That’s a narrow range. The Street was at 75 cents a share.
The stock is currently down about 7.6% today. I can’t say I’m complaining since the stock has traveled almost consistently upward all year.

Posted by on December 15th, 2009 at 10:51 am


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