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DAILY EARNINGS

FactSet, VeriFone Net Jump; 3M Lowers Earnings Forecast


Author: Mukesh Buch
ticker.com
Last Update: 11:28 AM ET December 15 2015

12:00 PM New York FactSet first-quarter net jumped 7% to $60 million. Landauer net in the year swung to profit $15 million. VeriFone fourth-quarter net soared 23% to $38 million.

Tollbooth Index increased 51.12 or 0.5% to 10,863.92.

Earnings Review

3M Co (MMM), the diversified technology company lowered earnings per share forecast for the year of about $7.55 from earlier estimated range of $7.60 to $7.65.

In August, the company forecasted earnings per share for the year between $7.73 and $7.93.

FactSet Research Systems Inc (FDS), the analytical financial information provider said revenues in the first-quarter ending in November soared 11.5% from a year ago to $270.5 million.

Net income in the quarter jumped 7.3% to $60 million or $1.43 per diluted share compared to $55.9 million or $1.32 per share from the same quarter last year.

FactSet forecasted revenues for the second-quarter between $280 million and $286 million and operating margin in the range of 31% and 32% while diluted earnings per share in the range of $1.49 to $1.53.

Landauer Inc (LDR), the technical and analytical services provider stated revenues in the year ending in September increased 2.4% from a year ago to $151.3 million.

Net in the quarter swung to profit $14.5 million or $1.52 per diluted share compared to a loss of $25.2 million or $2.65 per share from the same quarter last year.

VeriFone Systems Inc (PAY), the payment solution provider reported revenues in the fourth-quarter ending in October jumped 4.8% from a year ago to $514.1 million.

Net income in the quarter soared 22.8% to $38.2 million or 33 cents per diluted share compared to $31.1 million or 27 cents per share from the same quarter last year.

The company estimated non-GAAP net revenues for the fiscal 2016 between $2.09 billion and $2.11 billion and diluted earnings per share in the range of $2.15 to $2.17.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc