FactSet Research Systems Q1 Profit Up - Quick Facts

(RTTNews) - Financial data provider FactSet Research Systems Inc.'s (FDS) first-quarter net income rose to $55.9 million, or $1.32 a share, from $52.2 million, or $1.19 a share, last year. Adjusted per-share earnings grew by 11.9% as prior year EPS was adjusted to exclude income tax benefits of $0.01 per share from the U.S. Federal R&D tax credit, the company noted. On average, 14 analysts polled by Thomson Reuters expected the company to report earnings of $1.32 per share for the quarter. Analysts' estimates typically exclude special items.

For the latest quarter, revenues advanced by 8.8% to $242.7 million from the prior year's $222.98 million. Analysts estimated revenues of $241.44 million. Included in this total was $2.5 million related to an acquisition completed less than a year ago, according to the company.

Operating income was $80.3 million, compared with $74.7 million in the year-ago quarter.

Looking ahead, second-quarter earnings per share is likely to range between $1.35 and $1.37. The midpoint of this range represents 12.4% growth over the prior year. Revenues are expected to range between $244 million and $248 million. Analysts expect the company to report earnings of $1.34 per share on revenues of $245.01 million for the second quarter.