FactSet Reports Solid Revenue and Earnings Growth in Second Quarter 2017
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Factset Research Systems (FDS) Tops Q2 EPS by 1c; Expands Buyback by $300M
March 28, 2017 7:08 AM EDTFactset Research Systems (NYSE: FDS) reported Q2 EPS of $1.81, $0.01 better than the analyst estimate of $1.80. Revenue for the quarter came in at $294.4 million versus the consensus estimate of $296.04 million.
On March 27, 2017, the Board of Directors of FactSet approved a $300 million expansion to the existing share repurchase program. Including this expansion, $336.5 million is currently available for future share repurchases.
Revenues increased 4.5% or $12.6 million to $294.4 million compared with $281.8 million for the same period in 2016. The second quarter of 2016 includes revenues from the Market Metrics business, which was sold in FactSets fourth quarter of 2016.... More