UPDATE: Factset Research Systems (FDS) Tops Q3 EPS by 1c, Offers Q4 Guidance

Factset Research Systems (NYSE: FDS) reported Q3 EPS of $1.85, $0.01 better than the analyst estimate of $1.84. Revenue for the quarter came in at $312.1 million versus the consensus estimate of $311.82 million.

Fourth Quarter Fiscal 2017 Expectations:

• GAAP Revenues are expected to be in the range of $321 million and $328 million.
• GAAP operating margin is expected to be in the range of 28% and 29%. Adjusted operating margin is expected to be in the range of 31% and 32%.
• The annual effective tax rate is expected to be in the range of 25% and 26%.
• GAAP diluted EPS is expected to be in the range of $1.67 and $1.73. Adjusted diluted EPS is expected to be in the range of $1.86 and $1.92. The midpoint of the adjusted EPS range represents 12% growth over the prior year.

(Street sees Q4 EPS of $1.89)

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

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