Fair Isaac Says Profit to Meet or Exceed Forecast
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Fair, Isaac & Co., which makes software used by banks and credit-card companies to rate consumers’ credit-worthiness, said its fiscal fourth-quarter profit will meet or exceed its earlier forecast because of strong sales growth.
The company’s shares gained 4.5% to $39.50 in extended trading after closing off $1.70 at $37.80 on the New York Stock Exchange.
Fair Isaac had been expecting profit of 56 cents a share for the quarter ended Sept. 30. The company said revenue will come in at $88 million to $90 million, up from $78.7 million a year earlier.
Company officials couldn’t be reached immediately to comment.
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