Fidelity National Information Services Inc.’s stock was ticking 4% higher in Thursday’s premarket action after the financial-services company topped earnings...
Fidelity National Information Services Inc.’s stock FIS was ticking 4% higher in Thursday’s premarket action after the financial-services company topped earnings and revenue expectations for the first quarter, while upping its full-year forecast. The company recorded net income of $140 million, or 24 cents a share, compared with $120 million, or 20 cents a share, in the year-earlier quarter. On an adjusted basis, FIS earned $1.29 a share, down from $1.
47 a share a year before, while the FactSet consensus was for $1.21 a share. Revenue inched up to $3.51 billion from $3.49 billion, while analysts had been looking for $3.41 billion. The company saw a 2% rise in banking solutions revenue, while merchant solutions revenue fell by 1%. FIS announced earlier this year that it plans to spin off its merchant business. The company “continues to make progress” on the spinoff and continues to expect that it will be complete by early in 2024.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
National parks overcrowded? Visit a national forest.For those willing to venture off the beaten path, national forests—often abutting and sometimes surrounding their national park cousins—offer similar scenery, with a fraction of the visitors
Read more »
National Park Week: Spreading awareness about Saguaro National ParkThrough April 30th, the country celebrates the over 400 national parks by sharing stories of memorable park experiences.
Read more »
House Oversight chairman threatens subpoena for information about John Kerry’s role in Biden adminHouse Oversight Committee Chairman James Comer reiterated a threat Tuesday to subpoena information on John Kerry’s role as special climate envoy if the Biden administration does not produce documents and information to his congressional panel.
Read more »
James Comer threatens subpoena for information on climate czar John Kerry's negotiations with China.GOPoversight chairman RepJamesComer threatened to subpoena the Biden administration to obtain information on the role of JohnKerry, specifically related to his high-level negotiations with the Chinese Communist Party as the White House ClimateEnvoy.
Read more »
Richmond residents seek answers and information two weeks after massive fireIt's been two weeks since the massive industrial fire in Richmond. Many residents and those living nearby hoped to get answers during an event with the EPA and local and state agencies on Tuesday.
Read more »
Phoenix PD offering reward for information on suspect in 83rd Avenue and Indian School shootingPhoenix Police Department and Silent Witness are offering a $2,000 reward for any information related to the suspect involved in the murder of 32-year-old Luisa Hendricsen.
Read more »