FactSet Research Systems Q2 Adj EPS $4.22 Beats $3.88 Estimate, Sales $545.95M Miss $546.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
FactSet Research Systems (FDS) reported Q2 adjusted EPS of $4.22, surpassing the $3.88 estimate, marking an 11.05% increase from last year. However, their sales of $545.95M slightly missed the $546.80M estimate, yet showed a 5.99% increase from the previous year.
March 21, 2024 | 11:01 am
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FactSet Research Systems reported a higher-than-expected Q2 EPS of $4.22, an 11.05% increase from last year, but sales slightly missed estimates.
The positive earnings surprise and year-over-year growth in both EPS and sales, despite the slight miss on sales estimates, generally have a favorable impact on investor sentiment and could lead to a short-term increase in stock price.
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