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Financial Engines releases FY'18 outlook

Financial Engines Inc. has announced its financial outlook for 2018 and results for the fourth quarter and full year 2017.

The company projects GAAP net income of approximately $75 million to $85 million and non-GAAP adjusted EBITDA of $166 million to $180 million. Revenue is expected to be between $510 million and $530 million.

Financial Engines also reported net and comprehensive income of $6.3 million, or 10 cents per share, in the fourth quarter of 2017, down from $9.0 million, or 14 cents per share, in the prior-year quarter.

Adjusted net income was $24.3 million, or 38 cents per share, higher than $18.6 million, or 29 cents per share, in the year-ago period.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was 37 cents.

For full year 2017, net and comprehensive income was $46.7 million, or 72 cents per share, up from $28.6 million, or 46 cents per share, in 2016.

Adjusted net income for 2017 was reported at $89.3 million, or $1.38 per share, compared to $70 million, or $1.13 per share, in 2016.

The S&P Capital IQ consensus normalized EPS estimate for 2017 was $1.38.