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JACKSONVILLE, Fla. - on Tuesday, Fidelity National Information Services (NYSE:FIS) reported fourth-quarter results that beat earnings expectations but fell short on revenue, while providing guidance below analyst estimates, sending shares down over -5% in early trading.
The financial technology company posted adjusted earnings per share of $1.40, topping the consensus forecast of $1.36. However, revenue of $2.6 billion missed expectations of $2.63 billion.
For the first quarter of 2025, FIS projects EPS of $1.17-$1.22, below the $1.28 analyst estimate. The company sees Q1 revenue of $2.485-$2.51 billion, also below the $2.569 billion consensus.
Full-year 2025 guidance was similarly disappointing, with EPS forecast at $5.70-$5.80 compared to estimates of $5.75, and revenue projected at $10.435-$10.495 billion versus expectations of $10.595 billion.
"2024 was a year of positive momentum for FIS. We successfully completed the Worldpay separation, and made significant progress executing on our Future Forward strategy," said FIS CEO and President Stephanie Ferris. "Our 2025 outlook reflects acceleration in the business as we look to further build on the foundations laid in 2024 and drive double-digit total returns."
The company repurchased $1 billion of shares in Q4, bringing total 2024 buybacks to $4 billion. FIS plans to repurchase approximately $1.2 billion of shares in 2025.
While management highlighted progress on strategic initiatives, investors appeared focused on the soft revenue performance and cautious outlook, as reflected in the stock’s sharp decline following the report.
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