Fair Isaac Q1 Profit Declines; Backs FY14 Outlook - Quick Facts

(RTTNews) - Fair Isaac Corp. (FICO) reported first-quarter net income of $16.98 million or $0.47 per share, compared to $23.42 million or $0.65 per share in the comparable quarter last year.

Non-GAAP net income for the latest first quarter declined to $26.2 million, or $0.73 per share, from $31.8 million, or $0.88 per share in the prior year quarter.

On average, two analysts polled by Thomson Reuters expected the company to earn $0.64 per share for the quarter. Analysts' estimates typically exclude special items.

Quarterly revenues for the decreased 3% to $184.34 million from $190.02 million a year ago.

For fiscal 2014, the company continues to expect GAAP net earnings to be in the range of $2.50 per share to $2.60 per share, non-GAAP earnings in the range of $3.46 per share to $3.56 per share and revenue in the range of $763 million and $773 million.

Analysts currently expect earnings of $2.60 per share and revenues of $764.22 million for fiscal 2014.