FactSet misses 2Q profit forecasts

NORWALK, Conn. (AP) _ FactSet Research Systems Inc. (FDS) on Tuesday reported fiscal second-quarter profit of $61.6 million.

The Norwalk, Connecticut-based company said it had profit of $1.46 per share. Earnings, adjusted for pretax gains, were $1.39 per share.

The results did not meet Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share.

The financial data firm posted revenue of $247.8 million in the period, surpassing Street forecasts. Nine analysts surveyed by Zacks expected $246.4 million.

For the current quarter ending in May, FactSet said it expects revenue in the range of $251 million to $256 million.

FactSet shares have risen 9.5 percent since the beginning of the year. The stock has risen 49 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FDS at http://www.zacks.com/ap/FDS

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Keywords: FactSet Research, Earnings Report

Source Article from http://finance.yahoo.com/news/factset-misses-2q-profit-forecasts-113406652.html

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