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.

Image by Pexels from Pixabay

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsAfter-Hours CenterMoverswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!