Fidelity National Information Services beats Q3 estimates, raises outlook

NEW YORK - Fidelity National Information Services, Inc. (NYSE:FIS) reported third-quarter earnings that surpassed analyst expectations and raised its full-year guidance, sending shares up 0.98% in response.

The financial technology services provider posted adjusted earnings per share of $1.40 for the quarter, beating the analyst estimate of $1.29 by $0.11. Revenue came in at $2.57 billion, slightly above the consensus estimate of $2.56 billion.

Looking ahead, Fidelity National Information Services raised its full-year 2024 outlook. The company now expects adjusted earnings per share between $5.15 and $5.20, up from the analyst consensus of $5.13. Revenue guidance for fiscal year 2024 was set at $10.14 billion to $10.17 billion, in line with the consensus estimate of $10.151 billion.

"Our strong third-quarter results demonstrate the continued execution of our strategic initiatives," said CEO James Woodall. "The raised guidance reflects our confidence in the business and our ability to deliver sustainable growth."

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Source: Investing.com