FactSet Profit Tops Estimates as Sales Rise

Updated from 8:17 a.m. EDT

Up and up across the board mostly. That's what FactSet Research(FDS Quote) said in its third-quarter earnings report before the opening bell Tuesday.

The Norwalk, Conn., concern said earnings rose to $38.5 million from $32.5 million in the same period last year. Per-share earnings were 79 cents compared with 65 cents. Sales jumped nearly 5% in the third quarter to $154.4 million. Analysts' expected a little over $155.2 million.

Earnings were further enhanced by a tax benefit of 6 cents a share that the company realized after finalizing last year's tax returns and repatriating overseas earnings to the U.S. After excluding that, the company beat analysts' estimate of 72 cents by a penny. ...