Payments processor FIS falls on weak Q2 profit forecast

Shares of banking and payments processing firm Fidelity National Information Services FIS.N fall 3% to $75.96 in early trading

Co forecasts second-quarter profit below Wall Street estimate on Tuesday

Co expects Q2 adjusted earnings per share in the range of $1.34 to $1.38, below analysts' estimate of $1.43, according to data compiled by LSEG

Co, however, reiterates its forecast for full-year revenue and adjusted profit

Co reports adj. profit of $643 mln or $1.21 per share for the quarter ended March 31, beating analysts' estimate of $1.20 per share

FIS shares are down 5.8% YTD, including session moves; they rose ~34.5% in 2024