Fidelity sold off 20% of its ownership stake in Sedgwick CMS. This sale indicates that Fidelity was in need of cash, a poor signal when the company has already run a negative cash flow of nearly $75 million for the first quarter of 2008.
Earnings Per Share fell 67% compared to Q1 2007. They were 37 cents per share in 2007 and only 13 cents per share in 2008. Revenue was only $1.14 billion compared to last $1.37 billion over the quarter in 2007.