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Tyler Technologies: 4Q Earnings Snapshot

PLANO, Texas (AP) _ Tyler Technologies Inc. (TYL) on Wednesday reported fourth-quarter profit of $46.8 million.

On a per-share basis, the Plano, Texas-based company said it had profit of $1.15. Earnings, adjusted for one-time gains and costs, came to $1.43 per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of $1.43 per share.

The information management software provider posted revenue of $288.8 million in the period. Its adjusted revenue was $287.4 million, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $290.3 million.

For the year, the company reported profit of $146.5 million, or $3.65 per share. Revenue was reported as $1.09 billion.

Tyler Technologies expects full-year earnings in the range of $5.60 to $5.72 per share, with revenue in the range of $1.21 billion to $1.23 billion.

Tyler Technologies shares have climbed 13% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $338.38, an increase of 61% 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