SAN JOSE, Calif. (AP) _ Fair Isaac Corp. (FICO) on Tuesday reported fiscal fourth-quarter net income of $59.1 million.
The San Jose, California-based company said it had net income of $1.98 per share. Earnings, adjusted for asset impairment costs and stock option expense, were $3.25 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.26 per share.
The financial services company posted revenue of $374.4 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $316.7 million.
For the year, the company reported profit of $236.4 million, or $7.90 per share. Revenue was reported as $1.29 billion.
Fair Isaac shares have climbed 16% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $432.89, a rise of 29% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FICO at https://www.zacks.com/ap/FICO
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