Factset Research Systems (FDS) Misses Q1 EPS by 3c; Approves Additional $250M Buyback Plan

Factset Research Systems (NYSE: FDS) reported Q1 EPS of $1.44, $0.03 worse than the analyst estimate of $1.47. Revenue for the quarter came in at $270.5 million versus the consensus estimate of $272.31 million.

FactSet repurchased 250,000 shares for $41.9 million during the first quarter. On December 14, 2015, the Board of Directors of FactSet approved a $250 million expansion of the existing share repurchase program. Including this expansion, $342.3 million is now available for future share repurchases. In the past 12 months, FactSet has returned $318.4 million to stockholders in the form of share repurchases and regular quarterly cash dividends, funded entirely by cash generated from operations.

GUIDANCE:

Factset Research Systems sees Q2 2016 EPS of $1.49-$1.53, versus the consensus of $1.52. Factset Research Systems sees Q2 2016 revenue of $280-286 million, versus the consensus of $280.4 million.

For earnings history and earnings-related data on Factset Research Systems (FDS) click here.

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