Why Shares of FactSet Soared Today

Shares of FactSet Research Systems (NYSE: FDS) climbed 15% on Thursday after the financial data provider reported quarterly results that came in ahead of expectations. Revenue came in a bit light of expectations, but FactSet made up for it by improving margins.

Before markets opened on Thursday, FactSet reported fiscal third-quarter earnings of $2.86 per share on revenue of $374.1 million. Analysts were expecting $2.43 per share in earnings on revenue of $376 million. The company's client count grew by 55 to 5,743, and its user count increased by 2,199 to 131,095.

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Source Fool.com