FactSet Research Systems Shares Popped: What You Need to Know
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of financial information gatherer FactSet Research Systems (NYS: FDS) have popped today by as much as 10% after the company reported second-quarter earnings this morning.
So what: Revenue in the quarter added up to $199.4 million, slightly topping the market's expectations of $198.2 million. The bottom-line non-GAAP profit rose by 12.3% over last year to $52.2 million, or $1.14 per share, also besting the consensus estimate of a buck.
Now what: It gets better: FactSet forecasted a strong third-quarter profit a healthy head above what analysts were looking for. Third-quarter earnings are expected to be in the range of $1.14 to $1.16 per share, while analysts were looking for just $1.02 per share. The company's annual subscription value grew 11% to $803 million, with 81% of that coming from buy-side clients.
Interested in more info on FactSet Research Systems? Add it to your watchlist by clicking here.
At the time this article was published Fool contributorEvan Niuholds no position in any company mentioned.Click hereto see his holdings and a short bio.Motley Fool newsletter serviceshave recommended buying shares of FactSet Research Systems. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.