FIS shares plunge most since 2023 on disappointing revenue, guidance miss
1. FIS shares fell 12% after disappointing earnings report. 2. Quarterly revenue was $2.6 billion, missing expectations of $2.63 billion. 3. FIS raised its share repurchase goal from $800 million to $1.2 billion. 4. New sales of digital solutions increased 70% year-over-year. 5. CEO cited one-time items for miss but confident in future growth.