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Tuesday, February 8, 2011

Fidelity National Q4 profit beats Street view

Payment processor Fidelity National Information Services Inc reported an adjusted quarterly profit above market expectations, helped by a rise in international payment volumes and growth at its financial segment. For the October-December 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. Revenue rose 8 percent to $1.4 billion.

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