Fidelity National: 4Q Earnings Snapshot
JACKSONVILLE, Fla. (AP) _ Fidelity National Information Services Inc. (FIS) on Tuesday reported fourth-quarter earnings of $299 million.
The Jacksonville, Florida-based company said it had net income of 91 cents per share. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, came to $1.60 per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.
The banking and payment technologies company posted revenue of $2.17 billion in the period, which did not meet Street forecasts. Nine analysts surveyed by Zacks expected $2.21 billion.
For the year, the company reported profit of $846 million, or $2.55 per share. Revenue was reported as $8.42 billion.
Fidelity National expects full-year earnings in the range of $7.35 to $7.55 per share.
Fidelity National shares have risen slightly more than 6 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased 8 percent. The stock has risen 15 percent in the last 12 months.