Fidelity National Information Services 2Q net profit beats Wall Street view (Fidelity Natl Inform)

Date : 08/05/2008 @ 4:58PM
Source : TFN
Stock : Fidelity Natl Inform (FIS)
Quote : 16.12  -0.83 (-4.90%) @ 8:00PM
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Fidelity National Information Services 2Q net profit beats Wall Street view (Fidelity Natl Inform)

        SAN FRANCISCO (Thomson Financial) - Fidelity National Information Services
Inc. late Tuesday reported a second-quarter net profit of $71.9 million, or 37
cents a share, above the mean 34-cent estimate of analysts polled by Thomson
Reuters.
    Net earnings in the prior-year period came to $148 million, or 75 cents a
share, a year earlier.
    Revenue for the quarter ended June 30 rose to $1.34 billion from $1.13
billion.
    Excluding the impact of the July 2 spin-off of Lender Processing Services
Inc., revenue in the most recent quarter was $878.7 million versus $701.6
million the prior-year period. The consensus view was $845 million.
    The company raised its full-year adjusted profit guidance to a range of
$1.51 to $1.57 a share from an earlier range estimate of $1.48 to $1.54 a share.
    The stock closed the regular session unchanged at $18.97.
Brigid Gaffikin
bg/gm

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