Fidelity National Information Services shares fell 12% Tuesday after the company reported lower-than-expected quarterly earnings and issued a weak forecast. FIS reported higher revenue and a nearly fivefold increase in net income than the previous year. The company projected lower-than-expected revenue for the current quarter and full year compared to analysts' estimates. CEO Stephanie Ferris attributed the company's missed growth estimates for 2024 to one-time items but expressed confidence in stronger sales and client relationships driving acceleration in 2025.
