Fidelity National Information Services, Inc. (NYSE: FIS), a provider of technology solutions for financial institutions and businesses, reported operating results for the fourth quarter of 2023.
- Fourth quarter earnings per share from continuing operations was $0.11, down 39% from the prior-year period
- Adjusted earnings, excluding special items, dropped 4% from last year to $0.94 per share in Q4
- Including discontinued operations, Q4 earnings and adjusted earnings were $0.42 per share and $1.67 per share, respectively
- Fourth-quarter revenue decreased 1% as compared to the prior-year period to approximately $2.5 billion
- The company raised its share repurchase target to at least $4.0 billion by year-end 2024, from the earlier goal of at least $3.5 billion
- Fidelity outperformed its Future Forward expectations in 2023; raised Future Forward expense savings goal for 2024
- The board approved a regular quarterly dividend of $0.36 per common share, payable on March 22, 2024
- For fiscal 2024, the management expects revenues to be in the range of $10.10 billion to $10.15 billion
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
After a positive year, what’s in the cards for Electronic Arts (EA) in FY25
Electronic Arts (NASDAQ: EA) ended fiscal 2024 on a mixed note, reporting lower revenues and improved bottom-line performance for the fourth quarter. The stock declined following the announcement as earnings
A look at how Disney’s (DIS) entertainment business performed in Q2 2024
Shares of the Walt Disney Company (NYSE: DIS) stayed green on Wednesday. The stock has gained 16% year-to-date. The company recorded revenue and earnings growth for the second quarter of
Uber Technologies reports wider loss for Q1 2024; revenue up 15%
Uber Technologies, Inc. (NYSE: UBER) on Wednesday reported a wider net loss for the first quarter of 2024. Revenues of the ride-sharing giant increased 15% during the three months. Net
