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Jack Henry: Fiscal 1Q Earnings Snapshot

·1 min read

MONETT, Mo. (AP) _ Jack Henry & Associates Inc. (JKHY) on Wednesday reported fiscal first-quarter earnings of $91.2 million.

The Monett, Missouri-based company said it had net income of $1.19 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.

The payment processsing company posted revenue of $451.8 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $443.6 million.

Jack Henry expects full-year earnings to be $3.75 to $3.80 per share, with revenue in the range of $1.76 billion to $1.77 billion.

Jack Henry shares have risen 11% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $162.42, a climb of 14% in the last 12 months.

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