Fair Isaac ( FIC), a provider of credit scoring systems, said its third-quarter profit dropped 29% from previous year, hit by one-time charges. The Minneapolis-based company earned $26.0 million, or 40 cents a share, in the quarter, compared with $36.61 million, or 53 cents a share, a year ago. Third quarter fiscal 2006 results included share-based compensation expense of $6.7 million, or 10 cents a share, and costs associated with the previously announced restructuring plan of $3.4 million, or 5 cents a share. Analysts surveyed by Thomson First Call were expecting earnings of 53 cents a share. Third-quarter revenue rose 1.6% to $207.13 million as against analysts' expectation of $211.94 million. The company expects to earn 33 cents a share in the fourth quarter, which includes an expected after-tax compensation expense of about $7.1 million, or 11 cents a share, and about $8.4 million, or 13 cents a share related to vacating excess real estate. The company expects fourth-quarter revenue to be $207 million. Analysts' forecast earnings of 59 cents a share on revenue of $219.49 million. Revenue from strategy machine solutions declined 0.2% to $114.8 million in the third quarter, primarily due to a decline associated with marketing services and insurance solutions, offset by an increase in revenues derived from fraud solutions. Revenue from scoring solutions rose 7.4% to $43.7 million, primarily due to an increase in revenues derived from risk scoring services at the credit reporting agencies and PreScore service. The bookings for the third quarter were $94.5 million compared with $143.3 million in the same period last year. Shares fell $1.54 to $32.62 early Thursday.