FIS Slashes FY26 Profit Outlook, Q2 Swings to Profit; Stock Tumbles 8.6%
FIS is trading near its 52-week low of $37.42 (10% above the low).
Summary
FIS cut its full-year adjusted EPS guidance to $6.15-$6.24 from $6.22-$6.32, while also trimming revenue expectations to $13.63B-$13.70B from $13.77B-$13.85B. The downward revision overshadows a swing to a Q2 profit of $231M from a year-ago loss, with adjusted EPS of $1.48 beating the prior year's $1.36. The company initiated Q3 guidance of $1.58-$1.62 in adjusted EPS on revenue of $3.415B-$3.445B. Shares fell 8.6% as the lowered outlook signals margin pressure or slower growth than previously anticipated. This follows an earlier revenue guidance release today that lacked the EPS cut and quarterly details, making this the fuller picture traders needed.
At the time of this announcement, FIS was trading at $41.25 on NYSE in the Finance sector, with a market capitalization of approximately $23.1B. The 52-week trading range was $37.42 to $79.45. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: dpa-AFX.