FactSet Research Systems Inc. provided earnings guidance that were below Wall Street expectations, while revenue forecast exceeded expectations.
The data products company expects fiscal 2023 revenue to be in the range of $2.1 billion to $2.115 billion, compared to analysts’ forecast of $2.04 billion (based on FactSet poll).
Adjusted earnings are projected to be between $14.50 and $14.90 a share for the full year, vs. analysts’ estimate of $14.86 a share