Tyler Technologies: 3Q Earnings Snapshot
PLANO, Texas (AP) _ Tyler Technologies Inc. (TYL) on Wednesday reported third-quarter net income of $38.9 million.
On a per-share basis, the Plano, Texas-based company said it had net income of 96 cents. Earnings, adjusted for one-time gains and costs, came to $1.23 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The information management software provider posted revenue of $237.6 million in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $242.2 million.
Tyler Technologies expects full-year earnings in the range of $4.76 to $4.84 per share, with revenue in the range of $940 million to $950 million.
Tyler Technologies shares have risen 20 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $211.66, an increase of 19 percent in the last 12 months.