June 23 (Reuters) - Financial data firm FactSet

on Monday reported a fall in third-quarter profit, pressured by

slower client spending amid ongoing macroeconomic uncertainty.

WHY IT IS IMPORTANT

Trade policy uncertainty under the Trump administration has

prompted investors and clients to take a wait-and-see approach,

dampening deal flow and demand for market-related products at

FactSet.

BY THE NUMBERS

The company's organic annual subscription value (ASV) -

which indicates the revenue potential for the next 12 months

from subscription services - rose 4.5% to $2.3 billion during

the quarter.

On an adjusted basis, the company earned $4.27 per share for

the quarter ended May 31, compared with $4.37 per share in the

year-ago period.

Its revenue rose 5.9% to $585.5 million.

CONTEXT

FactSet provides financial data and tools that help

investors analyze markets, manage risk, and track portfolios.

The company's buy-side clients - including institutional

asset managers, wealth managers, asset owners, hedge funds and

corporate clients - accounted for 82% of organic ASV.

MARKET REACTION

Shares of the Norwalk, Connecticut-based company fell nearly

0.79% to $419 premarket. The stock has lost nearly 12.1% so far

this year, compared with a 1.5% gain for the benchmark S&P 500

index.