Financial Engines Q2 Profit Meets Eatimate - Quick Facts

(RTTNews) - Financial Engines, Inc. (FNGN) Thursday reported second-quarter net income of $6.3 million or $0.12 per share, compared to $3.8 million or $0.08 per share in the same period last year.

Adjusted earnings for the quarter was $8.5 million or $0.16 per share, up from $5.4 million, or $0.11 per share in the year-ago quarter. On average, four analysts polled by Thomson Reuters expected the company to earn $0.16 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 30 percent to $57.78 million from $44.29 million last year, while four analysts expected revenues of $56.83 million.

Looking ahead to the fiscal year 2013, the company raised its revenues to a range of $233 million to $238 million from its previous range of $230 million to $235 million. Analysts currently expect revenues of $233.04 million.

On July 30, 2013, Financial Engines' Board of Directors declared a regular quarterly cash dividend of $0.05 per share of the company's common stock, to be paid on October 4, 2013 to stockholders of record as of the close of business on September 20, 2013.