FactSet Research Systems Q2 Profit Rises - Quick Facts

(RTTNews) - FactSet Research Systems Inc. (FDS) reported that its second-quarter net income increased to $52.4 million from $44.5 million, a year ago. Earnings per share was $1.22 compared to $1.00, prior year. Adjusted net income was $52.43 million or $1.22 per share, for the quarter.

On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $1.21 for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 7% to $226.9 million from $213.08 million, prior year. Included in this total was $2 million from the acquisition of Matrix. Analysts expected revenue of $226.36 million for the quarter.

The company expects its third-quarter revenues to range between $229 million and $233 million. Earnings per share is expected to be between $1.24 and $1.26. Analysts expect the company to report third-quarter profit per share of $1.26 on revenue of $228.70 million.