Fidelity National: 2Q Earnings Snapshot

July 31, 2018

JACKSONVILLE, Fla. (AP) _ Fidelity National Information Services Inc. (FIS) on Tuesday reported second-quarter profit of $212 million.

The Jacksonville, Florida-based company said it had net income of 64 cents per share. Earnings, adjusted for one-time gains and costs, were $1.23 per share.

The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.

The banking and payment technologies company posted revenue of $2.11 billion in the period, which fell short of Street forecasts. Nine analysts surveyed by Zacks expected $2.12 billion.

Fidelity National expects full-year earnings in the range of $5.18 to $5.34 per share.

Fidelity National shares have increased 12 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed almost 5 percent. The stock has increased 16 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 FIS at https://www.zacks.com/ap/FIS

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