ELKHORN, Neb. (AP) — ELKHORN, Neb. (AP) — ACI Worldwide Inc. (ACIW) on Thursday reported fourth-quarter net income of $98.6 million.
On a per-share basis, the Elkhorn, Nebraska-based company said it had net income of 93 cents. Earnings, adjusted for stock option expense and amortization costs, were $1.08 per share.
The maker of software for electronic payments posted revenue of $453 million in the period.
For the year, the company reported profit of $203.1 million, or $1.91 per share. Revenue was reported as $1.59 billion.
For the current quarter ending in March, ACI Worldwide said it expects revenue in the range of $360 million to $370 million.
The company expects full-year revenue in the range of $1.69 billion to $1.72 billion.
ACI Worldwide shares have declined nearly 3% since the beginning of the year. The stock has climbed 63% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACIW at https://www.zacks.com/ap/ACIW
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.