Tyler Technologies: Q4 Earnings Snapshot
PLANO, Texas (AP) — PLANO, Texas (AP) — Tyler Technologies Inc. (TYL) on Wednesday reported fourth-quarter net income of $38.9 million.
On a per-share basis, the Plano, Texas-based company said it had profit of 91 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to $1.89 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.86 per share.
The information management software provider posted revenue of $480.9 million in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $483.3 million.
For the year, the company reported profit of $165.9 million, or $3.88 per share. Revenue was reported as $1.95 billion.
Tyler Technologies expects full-year earnings in the range of $8.90 to $9.10 per share, with revenue in the range of $2.1 billion to $2.13 billion.
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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 TYL at https://www.zacks.com/ap/TYL
