tradingkey.logo

BUZZ-FICO falls on Q1 profit miss

ReutersFeb 5, 2025 1:37 PM

Shares of credit score provider Fair Isaac FICO.N fall more than 6.6% in premarket trading

Co reports Q1 adjusted profit of $5.79 per share, missing Wall Street estimates of $6.07, according to data compiled by LSEG

FICO's revenue was $439.97 mln in the quarter, missing analysts' expectations of $452.22 mln

Revenue from Scores, the company's largest segment, rose 22.7% driven by price increases and increase in volume of mortgage originations

Growth in Scores came largely from the B2B segment

The company's strategy to drive growth via price hikes could struggle amid pushback from policymakers - brokerage J.P. Morgan

Co management left 2025 adjusted profit per share forecast unchanged at $28.58

Stock down 9.1% YTD, as of previous close; It surged ~71% in 2024

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI