Why Fair Isaac Corporation Stock Plunged Today

Fair Isaac Corporation FICO shares are trading lower in sympathy with TransUnion TRU, which reported weak third-quarter financial results and guidance.

What To Know: TransUnion reported quarterly earnings of 91 cents per share, which missed the analyst consensus estimate of 94 cents, and quarterly sales of $968.70 million, which missed the analyst consensus estimate of $982.27 million.

The company also lowered full year 2023 guidance. Revenue was lowered from $3.825 billion and $3.885 billion to between $3.794 billion and $3.809 billion, versus the consensus estimate of $3.87 billion. Earnings per share were lowered from between $3.49 and $3.62 to between $3.24 and $3.28, versus the consensus estimate of $3.57.

Related Link: What's Going On With Mullen Automotive Stock Today?

FICO Price Action: Shares of FICO were down 6.93% at $862.89 in after-hours trading at the time of publication, according to Benzinga Pro.

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