Tags: FactSet | Shares | Outlook

FactSet Shares Fall on Disappointing Outlook

Tuesday, 12 Jun 2012 05:02 PM

 

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink
FactSet Research Systems Inc., a provider of financial data, dropped the most in more than a decade after it forecast fourth-quarter revenue and profit that trailed analysts’ estimates, citing the “volatile” economy.

FactSet Research tumbled 13 percent to $91.70 at Tuesday's close in New York, the biggest one-day retreat since Sept. 17, 2001. The shares have gained 5.1 percent this year.

Earnings excluding certain items will be as much as $1.17 a share for the fiscal quarter ending Aug. 31, the Norwalk, Connecticut-based company said in a statement. That compared with an average analyst estimate of $1.21, according to data compiled by Bloomberg.

Revenue for the period will be as much as $208 million, according to the statement. Analysts had projected an average of $210.5 million.

FactSet Research competes with Bloomberg LP, the parent of Bloomberg News.

© Copyright 2014 Bloomberg News. All rights reserved.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 

You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved