Jack Henry: Fiscal 1Q Earnings Snapshot
MONETT, Mo. (AP) _ Jack Henry & Associates Inc. (JKHY) on Monday reported fiscal first-quarter profit of $89.4 million.
On a per-share basis, the Monett, Missouri-based company said it had net income of $1.16.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.
The payment processsing company posted revenue of $438 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $420.9 million.
Jack Henry shares have climbed 13% since the beginning of the year. In the final minutes of trading on Monday, shares hit $142.72, a drop of slightly more than 4% in the last 12 months.