Why Fair Isaac Fell Today
Shares of Fair Isaac (NYSE: FICO) fell 9.3% on Thursday as of 2:10 p.m. ET. The financial giant, which administers the well-known FICO credit score and related credit scoring analytics software, reported earnings last night.
While results on the surface showed a beat, the stock fell anyway. That may be because investors are aware FICO is benefiting from large price increases taken within the past year that might not recur.
In the second quarter, Fair Isaac showed 19.8% revenue growth to $536.4 million, with adjusted non-GAAP (generally accepted accounting principles) earnings per share growth of 37.1% to $8.57.
Source Fool.com
