FIS Sees Q2 Revenue Of $2.465B-$2.49B (Est $2.488B), Adjusted EPS Of $1.21-$1.25 (Est $1.15)
Portfolio Pulse from Benzinga Newsdesk
FIS projects its Q2 revenue to be between $2.465B and $2.49B, slightly below the estimated $2.488B, but forecasts adjusted EPS of $1.21-$1.25, above the estimated $1.15.
May 06, 2024 | 8:13 pm
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FIS anticipates Q2 revenue to be slightly below expectations at $2.465B-$2.49B versus an estimated $2.488B, but projects a higher adjusted EPS of $1.21-$1.25 compared to the estimated $1.15.
The slight miss in revenue forecast by FIS is counterbalanced by a higher than expected adjusted EPS projection. This mixed outlook suggests a neutral short-term impact on FIS's stock price, as the positive EPS forecast may offset concerns about slightly lower revenue.
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