On August 4, Fidelity National Information declined 5.81% in regular trading, trading at $42.175/share, with turnover of approximately $170 million.

The decline was triggered by the company's downward revision of full-year guidance released alongside its Q2 earnings report. While Q2 adjusted EPS of $1.48 slightly beat the FactSet consensus estimate of $1.47, and revenue of $3.38 billion matched expectations, the company lowered its full-year adjusted EPS guidance to $6.15-$6.24 from $6.22-$6.32, falling below the Street consensus of $6.28. Full-year revenue guidance was also reduced to $13.63-$13.695 billion from $13.77-$13.85 billion, missing the $13.79 billion consensus. Q3 guidance of $1.58-$1.62 EPS on revenue of $3.42-$3.45 billion likewise trailed analyst expectations of $1.65 and $3.52 billion. The company noted it has suspended share buybacks to prioritize deleveraging following acquisition activity, with plans to resume repurchases once total leverage approaches its 2.8x target.

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