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Jack Henry misses Street 1Q forecasts

MONETT, Mo. (AP) _ Jack Henry & Associates Inc. (JKHY) on Tuesday reported fiscal first-quarter net income of $63.4 million.

On a per-share basis, the Monett, Missouri-based company said it had net income of 82 cents. Earnings, adjusted for non-recurring gains, came to 76 cents per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.

The payment processsing company posted revenue of $359.9 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $360.5 million.

Jack Henry shares have increased 27 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $112.56, a climb of 38 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JKHY at https://www.zacks.com/ap/JKHY