SAN DIEGO (AP) _ Mitek Systems Inc. (MITK) on Thursday reported fiscal first-quarter profit of $3.1 million.

The San Diego-based company said it had net income of 7 cents per share. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, came to 22 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.

The mobile imaging software company posted revenue of $32.5 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $28.5 million.

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

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