Financial Engines, Inc. (NASDAQ:FNGN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Financial Engines, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 50% to $0.15 in the quarter versus EPS of $0.10 in the year-earlier quarter.
Revenue: Rose 29.23% to $53.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Financial Engines, Inc. reported adjusted EPS income of $0.15 per share. By that measure, the company beat the mean analyst estimate of $0.13. It beat the average revenue estimate of $53.09 million.
Quoting Management: “Sponsor and participant response to broader advisory capabilities continues to be positive and reinforces our unique ability to provide holistic advice that is independent and free from product conflicts,” said Jeff Maggioncalda, chief executive officer of Financial Engines. “Beyond the workplace, Financial Engines can now provide IRA management with Income+ capability for members, and can help individuals with more pieces of their retirement puzzle.”
Key Stats (on next page)…