Fidelity Reiterates '07 Profit Guidance

Fidelity National Information Services Inc. has reiterated the 2007 earnings guidance it gave in October.

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The Jacksonville, Fla., banking technology provider said Monday that it expects full-year net earnings of $1.90 per share, based on a preliminary review of its fourth-quarter results. It plans to issue its complete earnings for the quarter and the year on Feb. 14.

The news drove Fidelity's stock up briefly. Monday afternoon, after the announcement, the shares climbed about 4%, to $38.5, but lost all those gains Tuesday. At midday Wednesday the stock was trading at $37.03 a share, up 0.11% from Tuesday's close.


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