NEW YORK (TheStreet) -- FactSet Research (FDS) shares are up 1% to $136.47 in early market trading on Tuesday after the integrated financial information provider released its first quarter earnings results before the opening bell today.
The company reported first quarter revenue of $242.7 million that topped analysts' expectations of $241.7 million. The company also reported first quarter net income of $55.9 million, or $1.32 per diluted share, that was just short of analysts $1.33 estimates for the period.
The company said that it is experiencing double digit growth across all product lines and regions despite the previous quarter's mixed earnings results.
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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 solid stock price performance, growth in earnings per share, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow."