Skip to main content

FactSet (FDS) - Get FactSet Research Systems Inc. Report surged 10% Tuesday after the financial-information provider posted stronger-than-expected fiscal third-quarter earnings.

The Norwalk, Conn., company made $21 million, or 41 cents a share, for the quarter ended May 31, up from the year-ago $19.6 million, or 39 cents a share. Revenue rose 25% from a year ago to $98.5 million.

Excluding a penny-a-share tax benefit, latest-quarter earnings were 40 cents a share. Analysts surveyed by Thomson Financial were looking for a 39-cent profit on sales of $96.6 million.

Excluding acquisitions owned less than one year, non-GAAP revenue growth was 17% compared with the year-ago third quarter.

Scroll to Continue

TheStreet Recommends

The company also guided to fourth-quarter revenue of between $102 million and $105 million, well above the $99 million Thomson analyst consensus estimate.

FactSet shares rose $4.53 Tuesday to $47.34.