FactSet Research Systems shares are trading lower after the company said it expects FY23 GAAP revenues and Organic ASV plus professional services growth to be at the lower end of its guidance ranges.
Portfolio Pulse from Benzinga Newsdesk
FactSet Research Systems expects FY23 GAAP revenues and Organic ASV plus professional services growth to be at the lower end of its guidance ranges, causing its shares to trade lower.
June 22, 2023 | 4:24 pm
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FactSet Research Systems shares are trading lower due to the company's expectation of lower FY23 GAAP revenues and Organic ASV plus professional services growth.
FactSet Research Systems provided a negative outlook for its FY23 GAAP revenues and Organic ASV plus professional services growth, which is causing its shares to trade lower. Investors may be concerned about the company's ability to meet its financial targets, leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100