Fidelity National Information Services Inc. (FIS) reported better-than-expected fourth-quarter earnings Tuesday, sending its stock to a 52-week high.
The Jacksonville-based company, which provides technology services for financial firms, said adjusted earnings from continuing operations rose 17 percent to $196.9 million, or 64 cents per diluted share. That beat the average forecast of 60 cents a share by analysts surveyed by Thomson Financial.
For all of 2010, FIS’ adjusted earnings rose 22 percent to $2.02 a share, with adjusted revenue rising 4 percent to $5.2 billion.
“It was a very strong quarter and a very good year for our company,” CEO Frank Martire said in a conference call with analysts.