Digital Insight on Target
Digital Insight
(DGIN)
matched fourth-quarter estimates, guided in line for 2006 and pledged to buy back $50 million in stock.
The Calabasas, Calif., online banking outfit made $7.6 million, or 21 cents a share, up from the year-ago $3.9 million, or 11 cents a share. Excluding certain costs, earnings rose to 25 cents a share from 17 cents a year earlier, beating the Thomson First Call analyst estimate by a penny. Revenue rose 16% from a year ago to $56.7 million.
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"We added 296,000 new Internet banking users, setting a new quarterly record for organic growth, including a large implementation of active users from a competitive platform," said CEO Jeff Stiefler. "We also added 117,000 bill pay users, extending our recent momentum in bill-pay adoption that contributed to our improving revenue growth in the fourth quarter."
The company guided to pro forma earnings of 24 to 25 cents a share for the fourth quarter and $1.05 a share for the year, on revenue of $57 million for the quarter and $241.5 million for 2006. Those figures are in line with the Thomson estimates.
Ahead of the news Wednesday, Digital Insight rose $2.28 to $33.32.
