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Tuesday, February 8, 2011

Fidelity National Q4 profit beats Street view, (NYSE: FIS)

Payment processor Fidelity National Information Services Inc (FIS.N) reported an adjusted quarterly profit above market expectations, helped by an improvement at its financial solutions and international solutions segments. For the fourth quarter, net income was $121.3 million, or 40 cents a share, compared with $52.3 million, or 14 cents a share last year. Adjusted earnings were 64 cents a share. Analysts on average had expected a profit of 60 cents a share, before items, according to Thomson Reuters I/B/E/S. (Reporting by Tenzin Dekeva in Bangalore; Editing by Maju Samuel)

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