Fidelity National Information Services (FIS) PT Raised to $80 at Evercore ISI
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FIS Reports Strong First Quarter 2024 Results and Increases Full-Year Adjusted EPS Outlook
May 6, 2024 4:00 PM EDTFirst quarter GAAP Diluted Earnings (Loss) Per Share for continuing operations of $0.03 and Adjusted EPS of $1.10 Including discontinued operations, first quarter GAAP Diluted Earnings (Loss) Per Share of $1.25 and Adjusted EPS of $1.33 Continuing operations revenue increased 3% on a GAAP basis and 3% on an adjusted basis to $2.5 billion Continuing operations adjusted EBITDA margin expanded 200 basis points (bps) to 39.5% Announces $500 million increase to 2024 share repurchase goal; targeting $4.0 billion of repurchases for the year Reaffirms full-year revenue and adjusted EBITDA outlook and raises full-year adjusted EPS outlook by $0.22 The Company will... More
