Snap shares rocket 28% after company reports unexpected profit, better-than-expected revenue [CNBC]
FactSet Research Systems Inc. (FDS)
Last factset research systems inc. earnings: 3/26 07:01 am
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Source: CNBC
The stock climbed $3.15 to close at $14.55, its biggest percentage gain since 2022. Even after the rally, the stock is down 14% for the year due to a 31% plunge in February. Revenue in the first quarter increased 21% to $1.19 billion from $989 million a year earlier, topping analysts' estimates for sales of $1.12 billion, according to LSEG. The company reported adjusted earnings per share of 3 cents, while analysts were expecting a 5-cent loss. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was $46 million, compared to analysts' expectations for a loss of $68 million. Snap said adjusted EBITDA “exceeded our expectations” and was primarily driven by operating expense discipline, as well as accelerating revenue growth. Snap has been working to rebuild its advertising business after the digital ad market stumbled in 2022. Its investments are starting to pay off. The company said in its investor letter that revenue growth was primarily driven by
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FDS
News
- FactSet Participates in Barclays Americas Select Franchise ConferenceGlobeNewswire
- FactSet Research Systems (NYSE:FDS) Will Pay A Larger Dividend Than Last Year At $1.04 [Yahoo! Finance]Yahoo! Finance
- Wayfair shares surge after furniture retailer cuts losses by more than $100 million [MSNBC.com]MSNBC.com
- Wayfair shares surge 10% after furniture retailer cuts losses by more than $100 million [MSNBC.com]MSNBC.com
- Wayfair shares surge 17% after furniture retailer cuts losses by more than $100 million [MSNBC.com]MSNBC.com
FDS
Earnings
- 3/21/24 - Beat
FDS
Sec Filings
- 5/6/24 - Form 4
- 5/6/24 - Form 4
- 5/6/24 - Form 4
- FDS's page on the SEC website