ACI Worldwide (ACIW) Pops Higher on Adjusted-Higher FY12 Outlook
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Price: $49.19 --0%
Revenue Growth %: -12.6%
Financial Fact:
Cost of maintenance, services, and hosting fees: 95.01M
Today's EPS Names:
OCCI, ALZN, ASPU, More
Revenue Growth %: -12.6%
Financial Fact:
Cost of maintenance, services, and hosting fees: 95.01M
Today's EPS Names:
OCCI, ALZN, ASPU, More
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ACI Worldwide (Nasdaq: ACIW) is ripping higher at the start Friday amid a third-quarter earnings miss issued after the market closed Thursday night.
The company said the it was reaffirming its outlook for 2012, with revs of $706 million to $716 million, non-GAAP operating income of $122 million to $127 million and adjusted EBITDA of $188 million to $189 million.
ACI noted that "[p]evious guidance given on July 26, 2012 did not consider the aforementioned $23 million impact of the S1 deferred revenue adjustment." That means the current guidance is above its prior outlook, which called for revs of $683 million to $693 million, non-GAAP operating income of $99 million to $104 million, and adjusted EBITDA of $165 million to $170 million.
Shares are up 15.7 percent Friday.
The company said the it was reaffirming its outlook for 2012, with revs of $706 million to $716 million, non-GAAP operating income of $122 million to $127 million and adjusted EBITDA of $188 million to $189 million.
ACI noted that "[p]evious guidance given on July 26, 2012 did not consider the aforementioned $23 million impact of the S1 deferred revenue adjustment." That means the current guidance is above its prior outlook, which called for revs of $683 million to $693 million, non-GAAP operating income of $99 million to $104 million, and adjusted EBITDA of $165 million to $170 million.
Shares are up 15.7 percent Friday.
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