Fair Isaac Shares Got Rejected: What You Need to Know (FICO)

Fair Isaac Shares Got Rejected: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Fair Isaac (NYSE: FICO ) , known for its proprietary FICO credit score, were getting rejected by shareholders today, down by as much as 11%, after the company reported earnings.

So what: Revenue for the first quarter was $170.3 million, with earnings per share of $0.81. The results trampled the estimates of $159 million and $0.62 per share, respectively, but for some reason it still wasn't enough for investors.

Now what: Fiscal 2012 should see between $640 million and $645 million in sales and GAAP earnings of $2.45 to $2.55 per share. The company also named a new CEO, effective today -- William Lansing, who was already a board member. His predecessor, Dr. Mark Greene, is retiring but will remain onboard in an advisory capacity until February next year, and remain a director until this year's annual meeting for shareholders.

Interested in more info on Fair Isaac? Add it to your Watchlist by clicking here.

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Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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