Fidelity National Information Services’ stock fell the most since 2023 on Tuesday following the release of a dismal forecast and quarterly profits that missed Wall Street projections.
The stock was on track to have its largest decline since March 2023 after plunging 12% as of afternoon trading.
Here’s how the company did, relative to analysts’ consensus estimates from LSEG:
Adjusted earnings per share: $1.40 compared to $1.36 anticipated
Revenue: $2.6 billion as opposed to the anticipated $2.63 billion
A statement released by FIS on Tuesday, the fintech company’s revenue climbed 3.5% from $2.51 billion a year ago. From $62 million, or 10 cents per share, a year earlier, net income than quadrupled to $304 million, or 56 cents per share.
Source (CNBC)
