FactSet: Fiscal Q4 Earnings Snapshot

September 22, 2022 GMT

NORWALK, Conn. (AP) _ FactSet Research Systems Inc. (FDS) on Thursday reported fiscal fourth-quarter net income of $104.4 million.

The Norwalk, Connecticut-based company said it had net income of $2.69 per share. Earnings, adjusted for one-time gains and costs, came to $3.13 per share.

The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.25 per share.

The financial data firm posted revenue of $499.3 million in the period, beating Street forecasts. Six analysts surveyed by Zacks expected $492.1 million.

For the year, the company reported profit of $396.9 million, or $10.25 per share. Revenue was reported as $1.84 billion.

FactSet expects full-year earnings in the range of $14.50 to $14.90 per share, with revenue in the range of $2.1 billion to $2.12 billion.

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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 https://www.zacks.com/ap/FDS