Industry News

Fair Isaac lowers earnings expectations

Expects at least $10 million less in third-quarter revenue

Fair Isaac Corp. on Monday announced preliminary financial results for the third fiscal quarter ended June 30, 2004 and revised guidance for its fourth fiscal quarter ending Sept. 30, 2004, both of which are lower than previous guidance. The company expects total revenues of $173 million to $175 million for the third quarter, lower than the previous guidance range of $185 million to $189 million. Diluted earnings per share are expected to be in the range of 38 cents to 40 cents, also lower than the previous guidance range of 40 cents to 43 cents. The company expects fourth-quarter revenues of $189 million to $195 million, lower than previous guidance range of $205 million to $211 million. Diluted earnings per share are expected to be in the range of 25 cents to 27 cents, down from previous guidance of 40 cents to 43 cents. All earnings per share figures reflect the company's three-for-two stock split, which took effect March 10,...