Fair Isaac Corporation (FICO), the leading analytics and decision management technology provider, saw its stock plummet by 8.86% on Wednesday, following the company's disappointing fiscal first-quarter earnings results released after the market close on Tuesday.
The company reported adjusted earnings per share (EPS) of $5.79 for the quarter ended December 31, 2024, missing the consensus analyst estimate of $6.07. Fair Isaac's revenue of $439.97 million also fell short of expectations, coming in below the projected $452.22 million.
Despite reporting year-over-year growth in revenue and net income, Fair Isaac's failure to meet the market's high expectations for the quarter appeared to be the primary catalyst for the stock's sharp decline. Investors reacted negatively to the earnings miss, prompting a selloff in the company's shares during the intraday trading session.