--> FDS No pre open indication for now
FactSet beats by $0.01, reports revs in-line; guides Q1; acquires Portware
- Reports Q4 (Aug) earnings of $1.48 per share, $0.01 better than the Capital IQ Consensus of $1.47 vs. $1.46-1.48 guidance; revenues rose 9.7% year/year to $261.8 mln vs the $261.75 mln consensus.
- Co issues guidance for Q1, sees EPS of $1.46-1.48 vs. $1.49 Capital IQ Consensus Estimate; sees Q1 revs of $265-259 mln vs. $265.92 mln Capital IQ Consensus Estimate.
- The lapse in the U.S. Federal R&D tax credit on December 31, 2014, reduced each end of the GAAP diluted EPS range by $0.02 compared to the recently completed fourth quarter.
- If the U.S. Federal R&D tax credit is re-enacted by Nov 30, 2015, diluted EPS would range between $1.51 and $1.53. FactSet would also recognize an income tax benefit of $0.14 per share if the R&D tax credit could be retroactively applied to previous periods.
- Co has agreed to acquire all the issued and outstanding membership interests of Portware, LLC for cash consideration of $265 million. Portware is an award-winning, multi-asset execution management system ("EMS") that is trusted by the world's largest asset managers.