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SAN JOSE, Calif. (AP) _ Fair Isaac Corp. (FICO) on Thursday reported fiscal first-quarter earnings of $86.5 million.
The San Jose, California-based company said it had net income of $2.90 per share. Earnings, adjusted for one-time gains and costs, came to $2.74 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.44 per share.
The financial services company posted revenue of $312.4 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $323.7 million.
Fair Isaac shares have declined roughly 4% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $491.15, a climb of 20% in the last 12 months.