Fidelity National Affirms 2007 Earnings Target
Given the uncertainty facing many mortgage-related businesses this earnings season, Fidelity National Information Services, Inc. on Monday affirmed its full-year outlook for 2007 earnings. "Consistent with its previous guidance issued October 24, 2007, FIS anticipates full year 2007 adjusted net earnings of approximately $1.90 per diluted share, and adjusted cash earnings of approximately $2.44 per diluted share," the company said in a press statement. "These expectations are based on a preliminary review of the Company's unaudited full year and fourth quarter 2007 results, and are subject to adjustments arising in the course of completing the fourth quarter and year end financial closing process." FIS stock jumped on the affirmation, rising more than 3 percent to $38.40 when this post was published. For more information, visit http://www.fidelityinfoservices.com. Disclosure: The author held no positions in FIS when this post was originally published.