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Financial Engines ups FY'16 outlook

FinancialEngines Inc. now expects its 2016 revenue to be $407 million to $414million and 2016 non-GAAP adjusted EBITDA to be $121 million to $126 million,based on financial markets remaining at May 6 levels.

The company previously estimated that its 2016 revenue to be$383 million to $390 million and 2016 non-GAAP adjusted EBITDA to be $109million to $114 million.

With the acquisitionof The Mutual Fund Store, Financial Engines is currently estimating theremaining non-recurring closing and integration related expenses in the secondthrough fourth quarters to be about $7 million to $9 million, excluding noncashstock-based compensation expense, in addition to the $8.1 million incurred inthe first quarter, mainly related to closing the transaction.

The company reported first-quarter net and comprehensiveincome of $3.3 million, or 6 cents per share attributable to common stockholders,compared with $7.9 million, or 15 cents per share attributable to commonstockholders, in the year-ago period. Non-GAAP adjusted net income was $14.4million, or 24 cents per share, compared with $11.9 million, or 22 cents pershare, in the prior-year quarter.

The S&P Capital IQ consensus normalized EPS estimate forthe quarter was 23 cents.