RTTNews | Jan 28, 2022 01:16PM EST

13:16 Friday, January 28, 2022 (RTTNews.com) - Montana-based tech company Fair Isaac Corporation (FICO) is trading 12% higher on the market after it reported a higher net income in the first quarter. The adjusted earnings also topped the Street view.

The net income was $85.0 million, or $3.09 per share, from $86.5 million, or $2.90 per share, in the last term. After adjustments, the net income was $101.9 million or $3.70 per share up from $81.6 million or $2.74 per share, last year. On average, six analysts polled by Thomson Reuters expected the earnings to be $3.36 per share.

The stock is currently trading at $476.03, up $53.04 or 12.54% since the previous close at $422.99. The stock opened at $426.46 in the morning and in the 52-week period, the shares have ranged between $342.89 and $553.97 per share.

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