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Fidelity National Information Services Q1 Adjusted Earnings, Revenue Increase; 2024 EPS Outlook Boosted
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Fidelity National Information Services Q1 Adjusted Earnings, Revenue Increase; 2024 EPS Outlook Boosted
May 6, 2024 1:37 PM

04:25 PM EDT, 05/06/2024 (MT Newswires) -- Fidelity National Information Services ( FIS ) reported Q1 adjusted earnings Monday of $1.10 per diluted share, up from $0.72 a year earlier.

Analysts polled by Capital IQ expected $0.96.

Revenue in the quarter ended March 31 rose to $2.47 billion from $2.4 billion a year earlier.

Analysts polled by Capital IQ expected $2.45 billion.

The company expects Q2 adjusted EPS of $1.21 to $1.25 on revenue of $2.47 billion to $2.49 billion. Analysts polled by Capital IQ expect adjusted EPS of $1.15 on revenue of $2.49 billion.

The company raised its 2024 adjusted EPS outlook to $4.88 to $4.98 from $4.66 to $4.76 and reaffirmed the revenue forecast of $10.1 billion to $10.15 billion. Analysts polled by Capital IQ expect $4.71 in adjusted EPS on revenue of $10.13 billion.

Fidelity National shares rose 3.6% in recent after-hours activity.

Price: 73.00, Change: +2.55, Percent Change: +3.62

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