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BUZZ-FICO falls on Q1 profit miss

Reuters
Feb 05, 2025
BUZZ-FICO falls on Q1 profit miss

** Shares of credit score provider Fair Isaac FICO.N fall more than 6.6% in premarket trading

** Co reports Q1 adjusted profit of $5.79 per share, missing Wall Street estimates of $6.07, according to data compiled by LSEG

** FICO's revenue was $439.97 mln in the quarter, missing analysts' expectations of $452.22 mln

** Revenue from Scores, the company's largest segment, rose 22.7% driven by price increases and increase in volume of mortgage originations

** Growth in Scores came largely from the B2B segment

** The company's strategy to drive growth via price hikes could struggle amid pushback from policymakers - brokerage J.P. Morgan

** Co management left 2025 adjusted profit per share forecast unchanged at $28.58

** Stock down 9.1% YTD, as of previous close; It surged ~71% in 2024

(Reporting by Ateev Bhandari in Bengaluru)

((Ateev.Bhandari@thomsonreuters.com;))

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