Fair Isaac Corporation
) fell around 4.6% to close at $54.67 on Oct 14 as it declared
its preliminary fourth-quarter results ended Sep 30, 2013.
The company expects to report fiscal 2013 revenues in the
range of $741 million-$743 million, down from $755 million-$765
million projected earlier. Moreover, Fair Isaac expects GAAP
earnings per share (EPS) for fiscal 2013 to be between $2.47 and
$2.51, lower than its previous full-year earnings guidance range
of $2.61 to $2.70.
Concurrently, the company announced that it expects GAAP
revenues for fourth-quarter fiscal 2013 to be in the range of
$188 million-$190 million. GAAP EPS for the fourth quarter are
anticipated to be in the range of 77 cents-81 cents, which is
below the current Zacks Consensus Estimate of 97 cents.
The company has cited delays in application license sales to
North American banks as one of the reasons for its
weaker-than-expected results. The company will be reporting its
actual results for the fourth quarter after the closing bell on
Fair Isaac is a leading predictive analytics and decision
management software firm. The company's analytics software has
helped various industries to offset risks, avoid frauds, make
profitable decisions and maintain good relations with customers.
The company uses open-source standards and cloud computing to
reduce costs and speed up the working process.
Fair Isaac currently carries a Zacks Rank #3 (Hold).
Better-placed companies in the computer and technology sector
EPAM Systems, Inc.
Alliance Fiber Optic Products Inc.
). While Alliance Fiber and Ciena Corp. carry a Zacks Rank #1
(Strong Buy), EPAM has a Zacks Rank #2 (Buy).
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