Fidelity National Information Services Stock Plunges 15% On Weak Q4 Earnings

(RTTNews) - Fidelity National Information Services, Inc. (FIS) is down 15.17 percent, falling $14.57 to $68.09. The sharp decline comes after the company reported weaker-than-expected fourth quarter earnings, missing estimates.

FIS is currently trading at $70.12, down from the previous close of $82.66. The stock has ranged between $67.55 and $72.52 during today's session. Trading volume has surged to 5.76 million shares, more than double the average volume of 2.79 million.

The stock remains within its 52-week range of $60.39 to $91.98, with investors reacting negatively to the earnings miss.

Fidelity National posted revenue of $2.51 billion, falling short of the expected $2.60 billion. Additionally, its earnings per share came in at $1.10, below the estimated $1.36.