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FIS stock rallies after earnings beat

Clyde Edgerton by Clyde Edgerton
April 27, 2023
in Markets
FIS stock rallies after earnings beat
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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…



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Clyde Edgerton

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