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Financial Engines misses 4Q profit forecasts

SUNNYVALE, Calif. (AP) _ Financial Engines Inc. (FNGN) on Thursday reported fourth-quarter earnings of $9 million.

The Sunnyvale, California-based company said it had profit of 14 cents per share. Earnings, adjusted for one-time gains and costs, were 29 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.

The retirement plan adviser and portfolio manager posted revenue of $113.2 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $112.5 million.

For the year, the company reported profit of $28.6 million, or 46 cents per share. Revenue was reported as $423.9 million.

Financial Engines expects full-year revenue in the range of $480 million to $487 million.

Financial Engines shares have increased 11 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $40.65, a rise of 65 percent 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 FNGN at https://www.zacks.com/ap/FNGN


Keywords: Financial Engines, Earnings Report