Fair Isaac Q3 Profit Declines; Cuts FY13 Outlook

(RTTNews) - Fair Isaac Corp. (FICO), an analytics and decision management technology provider, reported third-quarter net income of $19.6 million or $0.54 per share, from $20.7 million or $0.59 per share in the comparable quarter last year.

On average, two analysts polled by Thomson Reuters expected the company to earn $0.66 per share for the quarter. Analysts' estimates typically exclude special items.

Non-GAAP net income for the latest third quarter rose to $29.3 million, or $0.80 per share, from $25.8 million, or $0.73 per share in the prior year quarter.

Quarterly revenues for the rose15% to $183.77 million from $160.48 million a year ago.

For fiscal 2013, the company lowered its GAAP net income to a range of $94 million to $97 million or $2.61 per share to $2.70 per share from its prior range of $100 million or $2.80 per share and non-GAAP net income to a range of $125 million to $128 million, or $3.48 per share to $3.57 per share from its previous range of $128 million or $3.60 per share.

The company lowered its revenue to a range of $755 million and $765 million, from its prior guidance of $760 million to $770 million.

Analysts currently expect earnings of $2.79 per share and revenues of $763.43 million for the fiscal 2013.