Fidelity National Information Services Slips To Loss In Q4; Reiterates FY10 Guidance - Quick Facts

Fidelity National Information Services Inc. (FIS) reported a fourth-quarter net loss attributable to shareholders of $53.9 million or $0.14 per share compared to profit of $28.8 million or $0.15 per share last year.

Non-GAAP earnings per share from continuing operations attributable to shareholders was $0.44 compared to $0.47 last year.

On average, 17 analysts polled by Thomson Reuters expected the company to report profit of $0.43 per share for the quarter. Analysts' estimates typically exclude special items.

Processing and services revenue increased to $1.3 billion from $858 million last year. Analysts expected revenue of $1.30 billion for the quarter.

The company reiterated 2010 guidance provided at its December 7, 2009 analyst day. The company expects 2% to 4% growth in adjusted revenues; and adjusted earnings per share of $1.91 to $2.01.

by RTTNews Staff Writer

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