FactSet Research Systems Inc. (NYSE: FDS) reported its financial results for its third quarter ended May 31, 2020. The top-line rose by 3% driven by higher sales of analytics, content, and technology solutions (CTS), and wealth management solutions.
FactSet increased its quarterly dividend by $0.05 per share or 7% to $0.77 marking the fifteenth consecutive year the company has increased dividends, highlighting its continued commitment to returning value to shareholders. The dividend was paid on June 18, 2020, to holders of record of FactSet’s common stock on May 29, 2020.
For fiscal 2020, the company now expects revenue in the range of $1.485-1.49 billion. The earnings guidance is now predicted to be $9.60-9.80 and adjusted earnings outlook is now projected to be $10.40-10.60. Organic ASV plus professional services are now expected to increase in the range of $60-75 million over fiscal 2019. The change in the anticipated range reflects the currently expected business impacts resulting from the coronavirus pandemic.
Take a look at our Finance articles here
Most Popular
Alphabet (GOOG, GOOGL) Q1 2025 Earnings: Key financials and quarterly highlights
Alphabet Inc. (NASDAQ: GOOG, GOOGL) reported its first quarter 2025 earnings results today. Consolidated revenues increased 12% year-over-year, or 14% in constant currency, to $90.2 billion. Net income increased 46%
INTC Earnings: A snapshot of Intel’s Q1 2025 financial results
Intel Corporation (NASDAQ: INTC) on Thursday reported a year-over-year decrease in adjusted earnings for the first quarter of 2025. The semiconductor giant's first-quarter revenue was $12.67 billion, compared to $12.72 billion
Meta Platforms (META) set to report Q1 earnings. Here’s what to expect
After integrating artificial intelligence into its products, Meta Platforms, Inc. (NASDAQ: META) is investing heavily in the metaverse project. Yet, the tech giant has maintained healthy cash flows and consistently
