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Why FactSet Research Systems Shares Are Trading Higher Today

FactSet FactSet Research Systems

FactSet Research Systems (NYSE:FDS) shares are trading higher after the company reported better-than-expected third-quarter earnings per share and sales results and issued guidance.

FactSet Research Systems reported quarterly earnings of $3.76 per share which beat the analyst consensus estimate of $3.23. The company reported quarterly sales of $488.80 million which beat the analyst consensus estimate of $473.08 million. Also, Organic Annual Subscription Value plus professional services were $1.9 billion on May 31, 2022, compared with $1.6 billion a year ago.

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