BUZZ-FIS slides after downbeat Q1 forecast

Shares of banking and payments processing conglomerate Fidelity National Information Services FIS.N slip 8.5% to $75.60 in premarket

FIS expects Q1 adjusted EPS between $1.17 and $1.22, compared with analysts' expectations of $1.28, according to estimates compiled by LSEG

That overshadowed FIS's strong annual forecast and Q4 results

Co. expects annual adjusted EPS between $5.70 and $5.80, largely above Street expectations of $5.72

Meanwhile, Q4 adjusted EPS of $1.40 beat expectations of $1.36

FIS stock jumped 34.5% in 2024