FactSet Research Systems Inc. (NYSE: FDS), a leading provider of data analytics services, has reported a modest increase in third-quarter adjusted profit. Revenues increased by 8.4% during the three-month period.
- Revenues increased 8.4% year-over-year to $529.8 million in the three months ended May 2023
- Net income, on a reported basis, jumped to $134.7 million or $3.46 per share in Q3 from $74.9 million or $1.93 per share last year
- On an adjusted basis, the company reported earnings of $3.79 per share, which is slightly higher than the $3.76 per share reported last year
- Operating margin moved up 1,260 bps to 32.5%, while adjusted operating margin declined 60 bps to 36.0%
- The management expects adjusted operating margin to be in the range of 35% to 36% in fiscal 2023
- It is looking for a 10%-13% growth in full-year adjusted diluted earnings per share
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%