Fair Isaac Corp. again lowered its full-year earnings and revenue guidance, citing ongoing delays in application license sales to North American banks. It expects earnings in 2013 of $2.47 to $2.51 a share and revenue of $741 million to $743 million.
The company previously cut its guidance in July to earnings of $2.61 to $2.70 a share and revenue of $755 million to $765 million.
"Our customers are facing uncertainties that have lengthened purchasing decisions and increased the sales cycle for large license transactions," said CEO Will Lansing, adding that the company's core business remains strong.
FICO will report results for the fiscal fourth quarter, which ended on Sept. 30, on Oct. 30.
In July, the company reported its third-quarter earnings fell 5.4% as an increase in operating expenses outpaced revenue growth.
Shares fell 3.6% to $55.29. Through the close, the stock has gained 36% since the start of the year.