July 1 (Reuters) – Financial data firm FactSet reported third-quarter profit above Wall Street estimates on Wednesday, buoyed \u200cby growth in subscriptions. <\/p>\n
Geopolitical uncertainty owing to the \u200cU.S.-Israeli war with Iran has rattled global markets, boosting demand for \u200bFactSet’s data and analytics services as investors manage risk and rebalance portfolios. <\/p>\n
Here are more details: <\/p>\n
\u2022 The Norwalk, Connecticut-based company posted adjusted earnings per share of $4.53 for the quarter ended May \u200c31, above analysts’ \u2060average estimate of $4.46, according to data compiled by LSEG. <\/p>\n
\u2022 Organic annual subscription value (ASV), a measure \u2060of expected revenue for the next 12 months from all client subscriptions, rose 7.1% to $2.49 billion as of May \u200b31. <\/p>\n
\u2022 FactSet \u200breaffirmed its fiscal 2026 outlook \u200bfor all financial metrics. <\/p>\n
\u2022 “While \u200cFDS maintained all FY26 guidance metrics, contrary to our and investor expectations for a raise, we view the guidance as likely conservative and positioned for an upside surprise,” said RBC Capital Markets analysts in a research note. <\/p>\n
\u2022 Meanwhile, \u200cthe firm’s operating margin dropped \u200bto 26.7% in the quarter, from \u200b33.2% a year ago, \u200blargely driven by higher employee compensation costs. <\/p>\n
\u2022 \u200cFactSet shares were down 1.8% \u200bin premarket trading. \u200bThey have shed over 20% so far this year, as investor sentiment has been clouded by broader \u200bconcerns that advances \u200cin artificial intelligence could disrupt the traditional financial \u200bdata and analytics industry. <\/p>\n
(Reporting by Rishab Shaju in \u200bBengaluru; Editing by Diti Pujara) <\/p>\n","protected":false},"excerpt":{"rendered":"July 1 (Reuters) – Financial data firm FactSet reported third-quarter profit above Wall Street estimates on Wednesday, buoyed…\n","protected":false},"author":2,"featured_media":519980,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,238006,186359,85,46,25466,69856,163931],"class_list":["post-519979","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-factset","tag-financial-data","tag-il","tag-israel","tag-subscriptions","tag-wall-street-estimates","tag-war-with-iran"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/519979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=519979"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/519979\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/519980"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=519979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=519979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=519979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}