10:45 AM New York – FactSet Research third quarter net advanced 11% to $48 million. Finisar fourth quarter net surged 48% to $13.2 million. Michael Kors fourth quarter net surged more than three-fold to $43.6 million.

Earnings Review

FactSet Research Systems Inc. (FDS), the financial information integrator said revenue in the third quarter ending in May increased 10% to $202.3 million compared to $183.6 million in the same period last year. Net income in the quarter advanced 11% to $48.0 million or $1.05 per diluted share compared to $43.3 million or 92 cents per share a year ago period.

Revenues for the fourth quarter are expected to range between $204 million and $208 million and earnings between $1.06 and $1.08.

Finisar Corporation (FNSR), the wire-line network provider reported revenue in the fourth quarter ending in April fell 1.3% to $239.9 million compared to $243.0 million in the same period last year. Net income in the quarter surged 48% to $13.2 million or 14 cents per diluted share compared to $8.9 million or 9 cents per share a year ago quarter.

The network builder expects revenues for the first quarter of fiscal 2013 to be in the range of $218 million to $233 million.

Michael Kors Holdings Limited, the apparel and accessory retailer reported total revenue in the fourth quarter ending in March surged 58.3% to $380 million compared to $240 million in the same period last year. Comparable store sales increased 36.1%.

Net income in the quarter surged more than three-fold to $43.6 million or 22 cents per diluted share compared to $13.6 million or 10 cents per share a year ago.

For the fiscal first quarter of 2013 the retailer expects total revenue in the range of $360 million to $370 million and for the full year total revenue to be in the range of $1.7 billion to $1.8 billion.

Texas Instruments Inc. (TXN), the semiconductor maker narrowed its business outlook for the second quarter and estimated revenue between $3.28 billion and 3.42 billion from previous range of $3.22 billion to 3.48 billion and earnings per share between 32 cents to 36 cents compared to prior range of 30 cents to 38 cents.

Under Armour, Inc. (UA), the apparel, footwear and accessory seller’s board approved two-for-one stock split of outstanding share. This will be allocated in form of dividend of one share of class A common share and distributed around July 9.