NEW YORK (TheStreet) -- FactSet Research Systems (FDS) - Get Report shares closed up 3.09% to $158.96 in intraday trading Tuesday following the release of the company's second quarter earnings results earlier today.

The financial information and analytical applications provider reported second quarter net revenue of $247.8 million, topping analysts' $246.4 million expectations for the period. The company missed analysts' earnings expectations however, reporting an EPS of $1.39 that missed forecasts by two cents per share.

For the current quarter the company expects to earn between $251 million and $256 million, the midpoint of which is above analysts' consensus $251.6 million forecast for the period.

TheStreet Ratings team rates FACTSET RESEARCH SYSTEMS INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate FACTSET RESEARCH SYSTEMS INC (FDS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• You can view the full analysis from the report here: FDS Ratings Report

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