FICO (FICO) Misses Q3 EPS by 22c; Maintains FY Non-GAAP EPS Outlook

FICO (NYSE: FICO) reported Q3 EPS of $1.16, $0.22 worse than the analyst estimate of $1.38. Revenue for the quarter came in at $231 million versus the consensus estimate of $237.27 million.

"We had a very strong quarter in our Scores business, where our efforts to expand our revenue sources continue to pay off," said Will Lansing, chief executive officer. "We also had a strong bookings quarter, posting more than $90 million for the third consecutive quarter, and continuing to build a backlog of recurring revenue."

Sees FY17 GAAP EPS of $4.11 versus prior of $4.03 as a result of the impact of ASU 2016-0. Maintains FY 2017 Non-GAAP EPS of $4.92.

For earnings history and earnings-related data on FICO (FICO) click here.

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