FactSet (NYSE: FDS) shares down sharply after Q4 view
Posted on June 12, 2012 at 12:14 PM EDT
Palm Beach, FL 6/12/12 ( StreetBeat ) –FactSet Research Systems Inc. ( NYSE:FDS ) shares declined sharply on Tuesday following a soft forecast from the financial data services provider. Shares dropped to a 3-month low and were recently down 9.60% at $94.72. The company projected fourth-quarter revenue of $204 million to $208 million, compared with the Thomson Reuters forecast of $210 million. FactSet also said it expects per-share earnings of $1.06 to $1.08, compared with the consensus estimate of $1.08. FactSet reported an 11% increase in fiscal third-quarter earnings and said it surpassed the $200 million-mark in quarterly revenue for the first time. Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling. StreetBeat Disclaimer Distributed by Viestly
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