Fidelity National Q3 Earnings Decline, Boosts 2014 EPS Outlook - Quick Facts

(RTTNews) - IT services provider Fidelity National Information Services (FIS) reported third-quarter net earnings of $150.5 million or $0.52 per share, lower than $172.3 million or $0.59 per share in the prior-year quarter.

Earnings from continuing operations for the quarter declined to $151.7 million or $0.53 per share, lower than $175.3 million or $0.60 per share in the prior-year quarter.

Excluding items, adjusted earnings from continuing operations for the quarter was $0.80 per share, compared to last year's $0.74 per share.

On average, 19 analysts polled by Thomson-Reuters expected the company to report earnings of $0.79 for the quarter. Analysts' estimates typically exclude one-time items.

Revenues for the quarter grew 6 percent to $1.61 billion from $1.50 billion in the same quarter last year. Analysts had a consensus revenue estimate of $1.60 billion for the quarter.

Looking ahead to fiscal 2014, the company raised guidance for adjusted earnings from continuing operations to a range of $3.06 to $3.12 per share from the prior forecast in the range of $3.05 to $3.16 per share. Street is currently looking for full-year 2014 earnings of $3.10 per share.

However, the company continues to project adjusted EBITDA as well as organic revenue to grow 4.5 to 6.5 percent.