Thursday, March 24, 2022

FactSet Q2 Adj. Profit Rises, Organic Revenue Up 9.9%; Updates FY22 Outlook

FactSet (FDS) said its second-quarter adjusted EPS increased 20.2% year-on-year to $3.27, primarily due to higher revenues, margin expansion and a decreased tax rate. On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $2.97, for the quarter. Analysts' estimates typically exclude special items. Adjusted operating margin was 33.7% compared to 32.6%, prior year.

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