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Revenue and earnings down at Fair Isaac
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First-quarter earnings at Fair Isaac Corp. fell 35 percent as revenue declined in all units.
The Minneapolis analytics and decision technology company said Tuesday that for the first quarter, ended Dec. 31, earnings decreased to $20.2 million, or 39 cents a share, from $31.2 million, or 52 cents a share, a year earlier.
First-quarter revenue fell to $199.4 million from $208.2 million a year ago.
Analysts polled by Thomson First Call expected, on average, earnings of 39 cents a share on revenue of $198.8 million.
Fair Isaac expects second-quarter earnings of 44 cents a share and revenue of $205 million. For fiscal 2008, Fair Isaac expects earnings of $1.80 to $1.90 a share and revenue of $825 million to $835 million. Analysts are looking for fiscal second-quarter earnings of 45 cents a share on revenue of $204.4 million, and full-year earnings of $1.83 a share on revenue of $829.5 million.
The earnings news was released after Fair Isaac stock closed at $22.06, down 54 cents, or 2.4 percent. Shares rose 8 cents in after-hours trading.
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