Payments firm FIS shares slide after outlook cut

Aug 4 (Reuters) - Banking ‌and ​payments ​processing firm Fidelity National Information Services cut its annual revenue ‌and profit forecasts on Tuesday, amid ⁠economic uncertainty, sending its shares down more ‌than 10% in premarket ‌trading.

Here are some details:

• Economic uncertainty linked to the Iran war and ​U.S. trade policy have prompted some institutions and retailers to remain ⁠cautious on technology spending, weighing on demand for certain ​banking and capital-markets products.

• The Jacksonville, Florida-based company lowered its 2026 adjusted ​earnings forecast to $6.15-$6.24 ‌per share from $6.22-$6.32 previously.

• Its revenue forecast stood at $13.63 billion ⁠to $13.70 billion, compared with the prior forecast of $13.77 billion to $13.85 billion.

• On an ⁠adjusted basis, FIS posted net income of $763 million, ​or $1.48 per share for the quarter, up from $716 million, or $1.36 per share, a year earlier.

• ‌Chief Executive Stephanie Ferris said banks continued to invest in ‌technology modernization and artificial intelligence, helping ⁠support demand for ‌the company's ​products and services.

(Reporting by Atharva Singh in Bengaluru; Editing by Vijay ‌Kishore)

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