FactSet Reports Strong Q1, Raises Full-Year Outlook

FactSet Research Systems delivered robust financial results for its fiscal first quarter, exceeding analysts predictions. The company reported a net income of $152.6 million, translating to $4.06 per share. Adjusted earnings per share rose to $4.51, surpassing the average estimate of $4.39. FactSet also posted impressive revenue figures, bringing in $607.6 million, exceeding the expected $599.5 million. Looking ahead, FactSet projects earnings per share to fall within the range of $16.90 to $17.60 and total revenue between $2.42 billion and $2.45 billion for the full fiscal year, indicating continued confidence in their financial trajectory.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.