Fidelity National Information Services Share Price Drops 7% Despite Better Than Expected Q4 Results
<p><a href='https://financialmodelingprep.com/financial-summary/FIS'>Fidelity National Information Services, Inc. (NYSE:FIS) </a>share price dropped more than 7% on Tuesday despite the company’s reported Q4 beat. Adjusted EPS came in at $1.92, compared to the consensus estimate of $1.90. Revenue was $3.67 billion, $40 million below the consensus estimate. Organic revenue grew around 11% year-over-year, accelerating from 10% in Q3, with particular strength in Capital Markets, while Merchant & Banking both missed analysts’ expectations.</p>
<p>Although Omicron impacted Q4 results, January trends are beginning to show signs of a rebound, but difficult comps in the Banking segment in Q1/22 results in a slower start to the year. </p>
NYSE:FIS