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Fidelity National (FIS) Q2 Earnings as Expected, Costs Down
Fidelity National Information Services’ FIS second-quarter 2019 adjusted earnings per share from continuing operations came in at $1.78, in line with the Zacks Consensus Estimate. Notably, the bottom line compares favorably the year-ago quarter figure of $1.23.
Organic revenue growth, lower expenses and expanding margin were the key tailwinds. However, huge outstanding debt posed a headwind. Also, poor performance of Global Financial Solutions segment was a key concern.
On a GAAP basis, the company reported net earnings attributable to common stockholders of $154 million or 47 cents in the quarter compared with $212 million or 64 cents in the prior-year quarter.
Organic Revenues Increase, Expenses Down
GAAP revenues for the quarter came in at $2.11 billion, up slightly year over year. The figure is in line with the consensus estimate.
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https://finance.yahoo.com/news/fidelity-...12652.html
![[Bild: FISc1dl1453.png]](https://finviz.com/publish/080619/FISc1dl1453.png)
Fidelity National Information Services’ FIS second-quarter 2019 adjusted earnings per share from continuing operations came in at $1.78, in line with the Zacks Consensus Estimate. Notably, the bottom line compares favorably the year-ago quarter figure of $1.23.
Organic revenue growth, lower expenses and expanding margin were the key tailwinds. However, huge outstanding debt posed a headwind. Also, poor performance of Global Financial Solutions segment was a key concern.
On a GAAP basis, the company reported net earnings attributable to common stockholders of $154 million or 47 cents in the quarter compared with $212 million or 64 cents in the prior-year quarter.
Organic Revenues Increase, Expenses Down
GAAP revenues for the quarter came in at $2.11 billion, up slightly year over year. The figure is in line with the consensus estimate.
...
https://finance.yahoo.com/news/fidelity-...12652.html
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