FIS shares plunge most since 2023 on disappointing revenue, guidance miss
The sharp decline in stock price indicates weak market reaction to earnings report, highlighting concerns over revenue growth.
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The sharp decline in stock price indicates weak market reaction to earnings report, highlighting concerns over revenue growth.
What happened, with direct paths to the underlying reporting
FIS shares fell 12% after disappointing earnings report. Quarterly revenue was $2.6 billion, missing expectations of $2.63 billion. FIS raised its share repurchase goal from $800 million to $1.2 billion. New sales of digital solutions increased 70% year-over-year. CEO cited one-time items for miss but confident in future growth.
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