October 21, 2009 / 8:55 PM / 9 years ago

UPDATE 1-Fidelity National Q3 adj profit misses view by a cent

* Q3 adj EPS $0.46 vs est $0.47

* Q3 EPS $0.35 vs $0.23 last yr

* Q3 rev down 4 pct to $850.7 mln

* Metavate operations to be included in results from Q4

Oct 21 (Reuters) - Electronic payment processor Fidelity National Information Services Inc’s (FIS.N) third-quarter adjusted profit narrowly missed market estimates, hurt mainly by a decline in revenue from its financial solutions and payment solutions segments. Net profit from continuing operations for the quarter was $67.6 million, or 35 cents a share, compared with $43.6 million, or 23 cents a share, last year. Excluding items, it earned 46 cents a share.

Revenue at the Jacksonville, Florida-based company fell 4 percent to $850.7 million.

Analysts on average were looking for a profit of 47 cents a share, before items, on revenue of $869.6 million, according to Thomson Reuters I/B/E/S.

Financial solutions revenue fell 7.3 percent to $278.2 million, while payment solutions revenue declined 5 percent to $369.5 million.

Metavante’s operations will be included in the company’s results prospectively, beginning fourth quarter, Fidelity National said in a statement.

Earlier this month, Fidelity National said it completed its $2.94 billion acquisition of rival Metavante Technologies, to create the world’s largest provider of integrated payment and financial processing services.

Shares of the company, a S&P 500 Index .SPX component, closed at $24.83 Wednesday on the New York Stock Exchange. (Reporting by Brenton Cordeiro in Bangalore; Editing by Pradeep Kurup)

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