FICO Reports Underwhelming Q1 Earnings
BOZEMAN, Mont. - Fair Isaac Corp. (FICO) released its fiscal first-quarter earnings on Tuesday, posting a net income of $152.5 million or $6.14 per share. Excluding pretax gains, adjusted earnings stood at $5.79 per share.
These results fell short of Wall Street expectations, with analysts expecting earnings of $6.21 per share and revenue of $454.7 million. FICO reported revenue of $440 million for the quarter.
For the full year, the financial services company projects earnings of $28.58 per share and revenue of $1.98 billion.
The article concludes with FICO's earnings report being generated by Automated Insights using data from Zacks Investment Research.