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Fair Isaac: Fiscal 1Q Earnings Snapshot

SAN JOSE, Calif. (AP) _ Fair Isaac Corp. (FICO) on Thursday reported fiscal first-quarter profit of $54.9 million.

The San Jose, California-based company said it had net income of $1.82 per share. Earnings, adjusted for non-recurring gains, were $1.80 per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.88 per share.

The financial services company posted revenue of $298.5 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $290.4 million.

Fair Isaac expects full-year earnings to be $8.30 per share, with revenue expected to be $1.25 billion.

Fair Isaac shares have climbed slightly more than 9% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $409.89, a climb of 88% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FICO at https://www.zacks.com/ap/FICO