FIS shares fall after profit forecast misses estimates

Fidelity National Information Services

05/08/2025 14:55

** Banking and payments processing firm Fidelity National Information Services FIS.N slides ~7.3% to $73.19

** FIS says it now expects Q3 adjusted earnings to be between $1.46 and $1.50 per share, below analysts' estimate of $1.55, according to data compiled by LSEG.

** Co's banking solutions business revenue rose 6% to $1.81 billion

** On an adjusted basis, its Q2 net income was $716 million, or $1.36 per share, compared with $748 million, or $1.34 per share, a year ago.

** 14 of 25 brokerages rate the stock "buy" or higher, ten "hold" and one "sell"; their median PT is $87.22 - LSEG data

** Including session's moves, stock down ~6.7% YTD

 (Reporting by Prakhar Srivastava in Bengaluru)

 ((Prakhar.srivastava2@thomsonreuters.com))