NEW YORK (TheStreet) -- Shares of Fidelity National Information Services (FIS) - Get Report are rising 3.17% to $80.37 on heavy trading volume late Tuesday afternoon after the company reported better-than-expected earnings for the 2016 second quarter and boosted its outlook for the year.
Before today's opening bell, the financial services technology company reported adjusted earnings of 90 cents per share, higher than analysts' estimates of 87 cents per share.
Revenue jumped 45.3% to $2.31 billion from last year. Analysts were forecasting $2.33 billion.
For fiscal 2016, Fidelity National upped its earnings per share guidance to between $3.75 to $3.85 compared to its prior view of $3.70 to $3.80. Analysts are modeling earnings of $3.80 per share.
The company also sees organic revenue growth of 4% to 5% vs. its previous outlook for an increase of 3% to 4%.
About 4.52 million of the company's shares were traded so far today, above its average volume of 2.14 million shares per day.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.
The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and solid stock price performance.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: FIS