Top Financial Stocks
Financial stocks are moderately lower, with the NYSE Financial
Sector Index falling 0.3% and the S&P Financial 100 Index
In company news, Fair Isaac Corp (
) is up more than 2% at $57.91 a share, earlier advancing to a new
52-week high of $59.65 after the credit-reporting agency reported
fiscal Q4 earnings that crushed analyst projections by $0.17 per
share, posting a $0.98 per share quarterly profit.
Revenue climbed 2.3% year over year to $190.3 mln, also edging
out the Capital IQ consensus by around $500,000. Free cash flow in
Q3 nearly doubled in Q3 compared to the same quarter last year,
rising 87.5% to $31.5 million.
FICO issued upside FY14 guidance, forecasting earnings in a
range of $3.46 to $3.56 per share, topping expectations by at least
$0.15 per share. Projected revenue is slightly shy of estimates,
however, with the company predicting $763 million to $773 million
in revenue this year compared to the $790.99 million expected by
In other sector news,
(-) PRAA, (-5.7%) Q3 earnings of $0.93 per share beat by $0.06.
Revenue climbs 31.4% year over year to $197.8 mln, also topping the
analyst consensus by $15 mln.
(-) RATE, (-18.8%) Adjusted Q3 EPS of $0.13 misses forecasts by
$0.02 per share. Revenue rises 3.7% to $121.2, topping Street view
by $1.62 mln. Forecasts revenue growth of mid- to upper-20% range.
Consensus estimate of $123.2 mln would require at least 32%
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