Fidelity National Information Services (FIS) has reported a decrease in profits for the fourth quarter compared to the same period last year, which was expected by market analysts. The company reported earnings of $64 million, translating to $0.11 per share, compared to the previous year's fourth quarter earnings of $109 million or $0.18 per share.
After accounting for specific items, the adjusted earnings of Fidelity National Information Services stood at $558 million or $0.94 per share for the mentioned period. These figures are in line with the average expectation of market analysts, who predicted the company's earnings to be $0.94 per share, according to data from Thomson Reuters. However, it's worth noting that analysts' projections generally exclude unique items.
The company's revenue for the fourth quarter experienced a slight decline of 0.8%, amounting to $2.51 billion compared to $2.53 billion during the same quarter the previous year.
A brief look at the FIS's earnings as per Generally Accepted Accounting Principles (GAAP) reveals the following:
- Earnings for Q4 stood at $64 million, compared to $109 million the previous year.
- Earnings Per Share (EPS) for Q4 were $0.11 in comparison to $0.18 the previous year.
- Earnings, as per Analysts' Estimates, were $0.94.
- Revenue for Q4 was $2.51 billion, compared to $2.53 billion the previous year.
In terms of guidance for the next quarter, the company anticipates an EPS between $0.94 and $0.97, with revenue projections in the range of $2,430 million to $2,455 million.
