Fidelity National Info Q4 Consolidated FIS Revenue $2.51B vs $2.53B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fidelity National Info (FIS) reported Q4 earnings of $0.94 per share, meeting analyst estimates. However, its quarterly sales of $2.51 billion fell short of the $2.53 billion estimate, marking a 32.42% decrease from the previous year's $3.71 billion.
February 26, 2024 | 12:06 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Fidelity National Info (FIS) met Q4 earnings estimates but missed revenue expectations and reported a significant year-over-year decline.
Missing revenue estimates and reporting a significant year-over-year sales decline are negative indicators that could lead to a short-term decrease in stock price. Meeting earnings estimates might not be sufficient to offset the negative impact of the revenue miss and the substantial decline in sales compared to the previous year.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100