Jack Henry lifts annual profit forecast on robust demand for fintech products
From the Center
AllSides Media Bias Rating: Center
May 7 (Reuters) - Fintech firm Jack Henry & Associates (JKHY.O) on Tuesday raised its full-year profit forecast and reported a near 7% rise in third-quarter profit, helped by a strong performance in its processing as well as services and support segments. Financial technology and payments companies' products, which include lending, consulting, payments and digital banking, have seen resilient demand against an uncertain economic backdrop. The company now expects 2024 earnings per share to be between $5.15 and $5.19, up from its prior forecast of $5.09 to $5.13. Monett, Missouri-based...
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