FactSet Starts Fiscal 2018 Strong, but Slower Sales Growth Worries Investors
2017 has been a stellar year on Wall Street, and financial industry stocks in particular have thrived because of rising interest rates and strong investor sentiment. FactSet Research Systems (NYSE: FDS) has tapped into those positive trends by offering valuable services to financial institutions that help them in turn serve their clients. With the economy firing on all cylinders, conditions look equally propitious for it in 2018.
Coming into Tuesday's fiscal first-quarter financial report, FactSet shareholders were hoping that the company would begin its new year on a positive note, and although it didn't quite meet growth expectations on the revenue front, its earnings were impressive.
Image source: FactSet Research Systems.
Source: Fool.com
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