FactSet Research Posts Higher Q4 Profit, But Misses View - Quick Facts

(RTTNews) - Financial data provider FactSet Research Systems Inc.'s (FDS) fourth-quarter net income rose to $51.0 million, or $1.16 a share, from $48.5 million, or $1.08 a share, reported a year back. Quarterly adjusted net income amounted to $52.84 million, or $1.20 a share, excluding the after-tax stock-based compensation charge of $1.9 million or $0.04 a share. On average, 8 analysts polled by Thomson Reuters expected earnings per share of $1.21 for the quarter. Analysts' estimates typically exclude one-time items.

During the latest quarter, revenues increased 6% to $219.33 million, from the prior year's $207.66 million. Analysts estimated revenues of $218.93 million for the quarter. Operating income remained almost flat at $70.5 million in the quarter.

Looking ahead to the first quarter of fiscal 2014, GAAP per-share earnings are estimated to range between $1.21 and $1.24. GAAP EPS assumes the U.S. Federal R&D tax credit would be re-enacted. If the U.S. Federal R&D tax credit is not re-enacted, first quarter's GAAP EPS would be reduced by $0.03, the firm added. First-quarter revenues are projected to range between $222 million and $225 million. Analysts anticipate first-quarter earnings per share of $1.23 and revenue of $225.04 million.