BUZZ-FIS falls as weak Q2 profit forecast overshadows earnings beat

Fidelity National Information Services, Inc.

Fidelity National Information Services, Inc.

FIS

0.00

** Shares of banking and payments processor Fidelity National Information Services FIS.N fall 7% to $43.92 in early morning trading

** Co forecasts Q2 adj profit between $1.45 and $1.49 per share, below analysts' estimates of $1.50 per share - LSEG-compiled data

** However, adj net income comes in at $705 million, or $1.36 per share, beating estimates of $665.9 million, or $1.29 per share

** Including session's move, FIS down 28.9% YTD


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.