On July 30, Fair Isaac fell 15.38% in regular trading, trading at approximately $1,180.84/share, with turnover of $1.99 billion. The decline was driven by the company's fiscal Q3 earnings report released after hours the prior session, where revenue and full-year guidance fell short of elevated market expectations.

Specifically, Fair Isaac reported Q3 adjusted EPS of $12.18, up 42.12% year-over-year and beating the consensus estimate of $11.73. However, revenue of $674 million missed the $679 million estimate. More critically, the company raised its full-year revenue guidance to $2.53 billion, still below the Street's $2.56 billion expectation, while adjusted EPS guidance of $42.43 also trailed the $43.18 consensus.

The stock had rallied over 5% ahead of earnings, buoyed by consecutive quarters of significant beats and a $2 billion buyback program. The slight revenue miss combined with below-consensus full-year guidance rapidly reversed bullish sentiment, with selling pressure extending from after-hours into regular trading. RBC subsequently cut its price target to $1,525 from $2,400 while maintaining an Outperform rating.

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