ACI Worldwide (ACIW) Pops Higher on Adjusted-Higher FY12 Outlook
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.