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October 31, 2007
Fair Isaac's Earnings
It’s no secret that Fair Isaac (FIC) has been a disappointment this year. Yesterday’s earnings report appears to be a small bright spot.
Fair Isaac Corp.'s profit climbed 28 percent in the fiscal fourth quarter, as the business advisory reserved much less to pay taxes, the company said Tuesday.
Fair Isaac earned $28.2 million, or 52 cents per share, in the quarter ended Sept. 30, compared with profit of $22.1 million, or 35 cents per share, in the fourth quarter last year.
Analysts polled by Thomson Financial forecast profit of 41 cents per share.
Revenue was roughly flat at $207.2 million, versus analysts' expectations for $201 million.
Fair Isaac sells financial advice and business analysis. The primary difference between the fourth quarter and the comparable period a year earlier was the provision for income taxes. That provision was $2.8 million in the fourth quarter, compared with $11 million in the fourth quarter last year.
The stock is doing well this morning, but it still has a long way to go to make up for its poor performance this year.
Posted by edelfenbein at October 31, 2007 9:46 AM
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