FICO falls on Q1 profit miss

Fair Isaac

05/02/2025 13:37

** 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;))