Fair Isaac Q1 Adj $4.81 Misses $5.06 Estimate, Sales $382.06M Miss $390.89M Estimate
Portfolio Pulse from Benzinga Newsdesk
Fair Isaac Corporation (NYSE:FICO) reported Q1 adjusted earnings of $4.81 per share, missing the consensus estimate of $5.06, and sales of $382.06M, also missing the estimate of $390.89M. Despite the miss, earnings and sales increased by 12.91% and 10.78% respectively compared to the same period last year.
January 25, 2024 | 9:15 pm
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Fair Isaac's Q1 earnings and sales missed analyst estimates, which could lead to negative sentiment among investors and potential short-term stock price decline.
Missing both earnings and sales estimates typically results in negative investor sentiment and can cause a short-term drop in stock price. However, the year-over-year growth in earnings and sales may mitigate some of the negative impact.
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