Why Fair Isaac Stock Jumped Today
Shares of Fair Isaac (NYSE: FICO) jumped as much as 10% this morning after the company reported fiscal fourth-quarter earnings. As of 12:10 p.m. EST, the stock was up 8%.
Revenue in the fiscal fourth quarter came in at $374.4 million, well ahead of the $316.4 million in sales that Wall Street analysts were modeling for. That resulted in adjusted net income of $97 million, or $3.25 per share, compared to the consensus estimate of just $2.32 per share in adjusted profits. The analytics software company, which also created the popular FICO credit score, said bookings were $234.6 million.
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Source Fool.com
