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Tyler Technologies: 1Q Earnings Snapshot

PLANO, Texas (AP) _ Tyler Technologies Inc. (TYL) on Wednesday reported first-quarter earnings of $27.3 million.

On a per-share basis, the Plano, Texas-based company said it had profit of 69 cents. Earnings, adjusted for one-time gains and costs, were $1.22 per share.

The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of $1.22 per share.

The information management software provider posted revenue of $247.1 million in the period. Its adjusted revenue was $248.8 million, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $253.6 million.

Tyler Technologies expects full-year earnings in the range of $5.20 to $5.35 per share, with revenue in the range of $1.09 billion to $1.11 billion.

Tyler Technologies shares have risen 21% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $225.30, an increase of slightly more than 2% 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 TYL at https://www.zacks.com/ap/TYL