Tyler Technologies: 4Q Earnings Snapshot
PLANO, Texas (AP) _ Tyler Technologies Inc. (TYL) on Wednesday reported fourth-quarter net income of $54.1 million.
The Plano, Texas-based company said it had net income of $1.29 per share. Earnings, adjusted for one-time gains and costs, were $1.39 per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share.
The information management software provider posted revenue of $283.3 million in the period. Its adjusted revenue was $283.4 million, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $290.9 million.
For the year, the company reported profit of $194.8 million, or $4.69 per share. Revenue was reported as $1.12 billion.
Tyler Technologies expects full-year earnings in the range of $5.65 to $5.77 per share, with revenue in the range of $1.19 billion to $1.22 billion.
Tyler Technologies shares have dropped 3% since the beginning of the year. The stock has risen 27% in the last 12 months.