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.