5 Stocks Making Big Moves After Releasing Their Financial Results

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1. Fidelity National Information Services, Inc. (NYSE:FIS)

Number of Hedge Fund Holders: 69

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) plunged to their lowest price in more than three years after announcing mixed financial results for the fourth quarter along with a weak outlook.

The Florida-based payment services provider reported adjusted earnings of $1.92 per share on revenue of $3.67 billion. However, analysts expected Fidelity National Information Services, Inc. (NYSE:FIS) to earn $1.90 per share on revenue of $3.71 billion.

Follow Fidelity National Information Services Inc. (NYSE:FIS)

Fidelity National Information Services, Inc. (NYSE:FIS) also released its segment-wise sales performance. Merchant solutions revenue for the quarter jumped 19 percent to $1.19 billion, while banking solutions revenue rose 8 percent to $1.67 billion. In addition, capital market solutions revenue also rose 8 percent to $716 million.

Looking forward, Fidelity National Information Services, Inc. (NYSE:FIS) expects adjusted earnings in the range of $1.44 – $1.47 per share and revenue between $3.42 – $3.45 billion for the first quarter. The outlook missed analysts’ average estimate of $1.56 per share for earnings and $3.49 billion for revenue.

Speaking on the results, CEO Gary Norcross said:

“Our strategy continues to resonate with our clients and prospects, and our team continues to execute at an exceptionally high level. Our ability to develop flexible, new technologies and to deliver differentiated customer experiences continues to drive strong value for our clients.”

You can also take a peek at Billionaire Michael Hintze Portfolio: Top 10 Stock Picks and Top 10 Stock Picks of Thomas Bancroft’s Makaira Partners.

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