FactSet Research Systems (FDS) Stock Declined Despite Earnings Beat

NEW YORK (TheStreet) -- FactSet Research Systems (FDS) shares closed trading down 2.27% to $161.74 on Tuesday after the financial information and analytics provider reported its third quarter results before the opening bell today.

FactSet Research reported third quarter earnings $1.42 per share, beating analysts' consensus estimates of $1.40 per share by 2 cents.

The company generated revenue of $254.5 million for the period, an increase of 8.9% over the previous year, topping analyst expectations of $253.4 million.

The company also issued current quarter earnings guidance between $1.46 and $1.48 per share versus analysts' consensus $1.45 per share guidance.

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:

FDS Chart FDS data by YCharts

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