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Financial Engines Undershoots on Revenue; Tops Profit

Anonymous (not verified) | 07/31/14

Analyst estimates were both beaten and missed when Financial Engines, Inc announced an earnings surprise and revenue fault for its quaterly results. FNGN delivered earnings of $0.25 per share which exceeded expectations by $0.03. Sales however, missed analyst estimates, reaching in at $69.79 million while analysts had been looking for $69.88 million. Over the past week, shares of FNGN have lifted 4.4%, which is something remember as the share price gets ready for its next move. Thus far, the analysts covering the firm have had far out expectations as most of them hold Buy ratings on the stock.

Management underscored a few highlights. Revenue increased 21% to $69.8 million for the second quarter of 2014 from $57.8 million for the second quarter of 2013. Non-GAAP Adjusted EBITDAii increased 47% to $26.2 million for the second quarter of 2014 from $17.8 million for the second quarter of 2013. Lastly, a key closing point was given that non-GAAP Adjusted Net Incomeii increased 56% to $13.2 million for the second quarter of 2014 from $8.5 million for the second quarter of 2013.