Fidelity National Information Services shares fell 12% Tuesday after the company reported lower-than-expected quarterly earnings and issued a weak forecast. FIS reported higher revenue and a nearly fivefold increase in net income than the previous year. The company projected lower-than-expected revenue for the current quarter and full year compared to analysts' estimates. CEO Stephanie Ferris attributed the company's missed growth estimates for 2024 to one-time items but expressed confidence in stronger sales and client relationships driving acceleration in 2025.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Fidelity National Information Services shares fell 12% Tuesday after the company
00:06reported lower-than-expected quarterly earnings and issued a weak forecast.
00:10FIS reported higher revenue and a nearly five-fold increase in net income compared
00:15to the previous year. The company projected lower-than-expected revenue
00:19for the current quarter and full year compared to analyst estimates.
00:23CEO Stephanie Farris attributed the company's missed growth estimates for 2024 to one-time
00:28items but expressed confidence in stronger sales and client relationships,
00:32driving acceleration in 2025.
00:35For all things money, visit Benzinga.com slash GSTV.