Why Jack Henry & Associates Stock Plunged Today
Shares of Jack Henry & Associates (NASDAQ: JKHY) have plunged today, down by 12% as of 12:30 p.m. EDT, after the company reported fiscal fourth-quarter earnings. Disappointing sales and guidance overshadowed better-than-expected profits.
Revenue in the fiscal fourth quarter came in at $410.5 million, which missed the consensus estimate of $412.6 million in sales. That resulted in earnings per share of $0.80, ahead of the $0.78 per share in profits that analysts were modeling for. The fintech company ended the quarter with $213.3 million in cash.
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Source Fool.com
