Investors Unhappy With FIS, NCR Earnings
Fidelity National Information Services (FIS) posted what appear to have been strong earnings last Tuesday. Revenues of $1.46 billion were in line with investor expectations, while the company’s second quarter EPS beat the Wall Street consensus estimate by $0.06. But the company’s stock price fell by more than six percent, making it the worst performing stock among payments companies.
Heartland Payment Systems also had a rough week, down 5.4 percent from last Monday’s open. Most of those losses came on Friday, when the HPY price fell from $30.57 to $29.57, despite an apparent lack of major news.
NCR Corp. also published updated earnings last week. Its Thursday figures showed an EPS up $0.06 above Wall Street’s consensus expectation, but revenues were roughly $1.4 billion, while investors had been expecting $2 billion. The stock finished the week up 1.01 percent, but gave back 5.48 percent of its value on Friday.
Last week's results
|All Payments||Bank Payment||Network||Acquirer/
|Weekly Gain (#)||-0.19||0.81||-2.52||-0.66||4.00||0.71||-0.67|
|Weekly Gain (%)||-0.15%||0.81%||-1.49%||-0.52%||3.53%||1.29%||-0.74%|
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