Inside FDS’s Results
The company reported earnings of $61.6 million, or $1.46 per share, up from $52.4 million, or $1.22 per share, last year. Adjusted earnings increased 13.9% to $1.22 per share, below analysts’ view of $1.40 per share.
Revenue increased 9.2% to $247.8 million. Analysts expected to see revenue of $246.68 million.
Looking forward to the third quarter, the company expects EPS to be between $1.40 and $1.42 per share. Analysts expect to see EPS of $1.39.
CEO Stepping Down
The company’s President, Philip Snow will be the new CEO as of July 1, 2015. Snow will be elected to the Board of Directors on March 16, 2015.
Mutual Funds to Watch
|RPMGX||T. Rowe Price Mid-Cap Growth||4.08%|
|BGRFX||Baron Growth Retail||3.84%|
|PRNHX||T. Rowe Price New Horizons||2.73%|
The Bottom Line
If you’ve enjoyed this article, sign up for the free MutualFunds.com newsletter; we’ll send you similar content weekly.
Sign up for Advisor Access
Receive email updates about best performers, news, CE accredited webcasts and more.
Let’s face it, the words we use everyday matter! Our content for this...