After posting strong fiscal third quarter results, CheckFree Corp. raised its revenue guidance for the fourth quarter to between $226 million and $231 million.
It likewise increased GAAP EPS expectations to the range of $0.30 and $0.33, and underlying EPS to between $0.39 and $0.41. Full-year GAAP EPS is expected to reach $1.34-$1.37, underlying EPS to $1.72-$1.74, and free cash flow to around $175 million.
In its fiscal third quarter, CheckFree's GAAP revenue hit $226.9 million and underlying revenue reached $227.7 million. Net income was placed at $37.7 million, while free cash flow was pegged at $62.3 million.