Jack Henry & Associates Inc. (JKHY) reported fiscal fourth-quarter earnings of 33 cents per share late yesterday, topping the Zacks Consensus Estimate by nearly 14%.
Revenue grew 2% to $191.9 million, primarily driven by a 5% rise in support and service revenue.
In a conference call with analysts, the company said that it expects revenues to expand by 3% to 5% during the fiscal year ending June 2010.
Jack Henry signed a deal to acquire Goldleaf Financial Solutions Inc. on Monday, and said the acquisition will add between 2 cents and 4 cents per share to fiscal 2010 earnings.
Meanwhile, the Zacks Consensus Estimate for the fiscal year ending June 2010 has remained constant at $1.25 per share over the past 2 months.
JKHY, a Zacks #3 Rank (“Hold”) stock, has jumped approximately 7% on heavier-than-usual volume of about 1.8 million, against the average daily volume of approximately 587,000.
“JKHY” Free Stock Analysis: Buy? Sell? Hold?
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