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
NFLX Earnings: Netflix Q1 2025 revenue and profit beat estimates
Netflix, Inc. (NASDAQ: NFLX) on Thursday reported stronger-than-expected revenue and earnings for the first quarter of 2025, as its subscriber base continued to expand. Both revenue and the bottom line
Another tough quarter in the cards as Intel prepares for Q1 2025 earnings
Intel Corporation (NASDAQ: INTC) has been facing intense competition from rivals Nvidia in AI chips and AMD in CPUs, lately. The Semiconductor giant issued weak guidance after reporting lower revenues
What to expect when American Airlines (AAL) reports Q1 2025 earnings results
Shares of American Airlines Group (NASDAQ: AAL) stayed red on Thursday. The stock has dropped 48% over the past three months. The airline is slated to report its earnings results