Financial Engines Earnings: Here’s Why Investors are Not Happy Now
Financial Engines, Inc. (NASDAQ:FNGN) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.04%.
Financial Engines, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 14.29% to $0.16 in the quarter versus EPS of $0.14 in the year-earlier quarter.
Revenue: Rose 25.76% to $51.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Financial Engines, Inc. reported adjusted EPS income of $0.16 per share. By that measure, the company missed the mean analyst estimate of $0.16. It missed the average revenue estimate of $51.87 million.
Quoting Management:“With more than six million employees and half a trillion dollars of assets in the 401(NYSE:K) plans that have hired us, our job is to reach more people and make a bigger impact in their lives,” said Jeff Maggioncalda, chief executive officer of Financial Engines. “The dramatic increase in our integrated enrollment coverage, the rapidly growing deployment of Income+, and our expansion into IRA management puts us in a great position to continue to drive this reach and impact.”
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