JACKSONVILLE, Fla. (AP) — JACKSONVILLE, Fla. (AP) — Fidelity National Information Services Inc. (FIS) on Tuesday reported fourth-quarter net income of $281 million.
The Jacksonville, Florida-based company said it had net income of 52 cents per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were $1.40 per share.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share.
The banking and payment technologies company posted revenue of $2.6 billion in the period, missing Street forecasts. Ten analysts surveyed by Zacks expected $2.63 billion.
For the year, the company reported profit of $1.45 billion, or $2.61 per share. Revenue was reported as $10.13 billion.
For the current quarter ending in March, Fidelity National expects its per-share earnings to range from $1.17 to $1.22.
The company said it expects revenue in the range of $2.49 billion to $2.51 billion for the fiscal first quarter.
Fidelity National expects full-year earnings in the range of $5.70 to $5.80 per share, with revenue ranging from $10.44 billion to $10.5 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FIS at https://www.zacks.com/ap/FIS
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