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Fiserv (FISV) just reported fourth-quarter earnings, after charges, of 64 cents a share. This was in line with expectations. Sales were up 19%.

For 2006, Fiserv earned $2.53 a share, up from $2.19 in 2005. The company is also forecasting 2007 earnings growth of 13% to 16%, which works out to earnings of $2.86 to $2.94 per share. That means that Fiserv is going for about 18 times forward earnings.

Posted by edelfenbein at January 31, 2007 5:00 PM