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NEW YORK - FactSet Research Systems Inc . (NYSE:FDS) reported second-quarter earnings that beat analyst estimates, while revenue came in slightly above expectations. The financial data and software company also narrowed its full-year guidance range.
FactSet posted adjusted earnings per share of $4.28 for the quarter ended February 28, exceeding the analyst consensus of $4.21. Revenue grew 4.5% year-over-year to $570.7 million, just above the $570.13 million analysts were expecting.
The company’s organic annual subscription value (ASV) increased 4.1% to $2.28 billion. FactSet CEO Phil Snow said the company is "reaffirming the 5% midpoint of our organic ASV growth guidance" for the full year.
For fiscal 2025, FactSet now expects revenue between $2.305 billion and $2.325 billion, compared to its previous forecast of $2.285 billion to $2.305 billion. The company narrowed its adjusted EPS guidance to $16.80-$17.40 from $16.80-$17.40 previously.
FactSet shares edged down 0.5% in early trading following the earnings release. The muted stock reaction suggests investors view the results and outlook as largely in-line with expectations.
"We achieved solid financial performance in the first half of the fiscal year by maintaining our focus on cost discipline and increased efficiency, while continuing to invest in our strategic priorities," said CFO Helen Shan.
The company repurchased 136,714 shares for $64.4 million during the quarter. As of February 28, $186.9 million remained available for share repurchases under FactSet’s current program.
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