Movement Alert|FactSet Research Systems Rises 5.89% in Regular Trading, Q3 Earnings Beat Expectations with AI Strategic Partnership Boosting Sentiment

Market Focus
Jul 01

On July 1, FactSet Research Systems rose 5.89% in regular trading, trading at approximately $242.40/share, with turnover of $98.18 million.

On the news front, the company reported fiscal Q3 adjusted earnings of $4.53 per diluted share, beating the analyst consensus estimate of $4.46 by 1.57%, representing a 6.09% year-over-year increase from $4.27. Revenue came in at $622.9 million, surpassing the $617.9 million estimate and up from $585.5 million a year earlier. EBIT margin reached a solid 26.7%, reinforcing confidence in profitability. The company reaffirmed its fiscal 2026 outlook, expecting adjusted EPS of $17.25 to $17.75 and revenue of $2.45 billion to $2.47 billion, broadly in line with market expectations.

Additionally, FactSet announced a strategic partnership with Google Cloud on June 30 to launch workflow-specific agentic AI tools for the financial industry, building on prior collaboration with Google DeepMind. This AI momentum, combined with the earnings beat, fueled the rally.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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