FactSet Research Systems, Inc confirmed its forecast for the annual financial performance during its second quarter earnings report last Thursday. They continue to project an anticipated earnings range of $13.95 to $14.35 per share, as well as an adjusted profits range of $15.60 to $16.00 per share on revenues between $2.20 and $2.21 billion for the fiscal year 2024.
A poll conducted by Thomson Reuters that included 17 analysts generated an average projected earnings of $15.93 per share on revenues of $2.21 billion for the year. These predictions usually do not consider special items.
In the second quarter, FactSet's net income increased to $140.94 million or $3.65 per share from $131.59 million or $3.38 per share during the same quarter the previous year. Adjusted net income, which excludes certain items, was $4.22 per share, compared to $3.80 per share last year.
The company's revenue for the quarter increased by 6.0 percent to $545.95 million from $515.09 million in the same quarter last year. Organic revenues also experienced a growth of 6.0 percent, reaching $546.13 million. Wall Street analysts had predicted earnings of $3.88 per share on revenues of $546.80 million for the quarter.
