FactSet Research Earns $1.15 Per Share

Shares of FactSet Research Systems ($FDS) are poised to open about 7% lower today. This morning, the company reported fiscal Q3 earnings of $1.15 per share which matched estimates. Revenue rose 6% to $214.6 million.

“We again delivered double-digit diluted EPS growth and our free cash flow reached an all-time high of $92 million during the third quarter of fiscal 2013. Off-market conditions, especially on the sell-side, continue to interrupt client buying patterns and limited our ASV growth this quarter as expected,” said Philip A. Hadley, Chairman and CEO. “We continue to return capital to shareholders as evidenced by a 13% increase in our dividend and a $200 million expansion to our share repurchase program during the quarter.”

ASV is Annual Subscription Value, and that rose by only $2 million last quarter to $864 million. For Q4, FactSet sees earnings ranging between $1.18 and $1.21 per share. The Street was expecting $1.18 per share. FactSet sees revenues between $218 million and $221 million.

Posted by on June 18th, 2013 at 9:35 am


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