FIS Q1 Profit Rises, Adj. Earnings Meet Estimates; Backs FY View - Quick Facts

(RTTNews) - Fidelity National Information Services, Inc. (FIS) Thursday reported first-quarter net earnings attributable to stockholders of $154.5 million or $0.53 per share, up from $144.1 million or $0.49 per share in the prior year.

On an adjusted basis, earnings from continuing operations were $0.68 for the recent quarter, while the firm posted $0.62 per share last year.

On average, 16 analysts polled by Thomson Reuters expected the company to earn $0.68 per share for the quarter. Analysts' estimates typically exclude special items.

Processing and services revenues increased to $1.52 billion from $1.48 billion a year ago. Revenues were up 4% on an organic basis. Analysts estimated revenues of $1.54 billion for the quarter.

FIS also reiterated its full year 2014 outlook for adjusted earnings from continuing operations of $3.05 to $3.16 per share, and organic revenue growth of 4.5 to 6.5 percent.

Street analysts expect the company to report earnings of $3.10 per share, on revenues of $6.39 billion for the year.

The company announced a regular quarterly dividend of $0.24 per share, to shareholders of record on June 16, 2014, payable June 30.