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DAILY EARNINGS

FactSet Research Net Climbs, VeriFone Net Swings to Profit


Author: Mukesh Buch
ticker.com
Last Update: 2:31 AM ET December 16 2014

12:30 AM New York FactSet Research first-quarter net climbed 7% to $56 million. Navistar Intl fourth-quarter net loss narrowed to $72 million. VeriFone Systems fourth-quarter net swung to profit $31 million.

Tollbooth Strategy Index rose 0.1% or 9.44 to 9,786.88.

Earnings Review

FactSet Research Systems Inc. (FDS) advanced 1.1% or $1.54 to $136.64 after the financial information provider said sales in the first-quarter ending in November jumped 8.8% to $242.7 million from a year ago period.

Net income in the quarter climbed 7.1% to $55.9 million or $1.32 a diluted share compared to $52.2 million or $1.19 from a same quarter last year.

Navistar International Corporation (NAV) plunged 11.3% or $3.95 to $31.09 after the military truck maker reported sales in the fourth-quarter ending in October soared 11.1% to $3 billion from a year ago period.

Net loss in the quarter narrowed to $72 million or 88 cents a diluted share compared to $154 million or $1.91 from a same quarter last year.

VeriFone Systems Inc (PAY) climbed 5.3% or $1.74 to $34.81 after the electronic payment solution provider reported net revenues in the fourth-quarter ending in October soared 14% $490.5 million from a year ago period.

Net in the quarter swung to profit $31.1 million or 27 cents a diluted share compared to a loss of $247.7 million or $2.26 from a same quarter last year.
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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