Fair, Issac

beat analyst expectations, posting first-quarter net income of $13.5 million, or 57 cents a share, up from $8.8 million, or 40 cents a share, in the year-ago period.

Wall Street had been expecting 52 cents a share, according to Thomson Financial/First Call.

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Revenue for the quarter increased to $85.1 million from $77.1 million a year ago.

Shares of Fair, Issac closed up 3.5% to $51.22 Tuesday before the announcement.