Fiserv Earns $1.16 Per Share

Ah, my favorite autumn singing group — the beat and raise choir.

Fiserv ($FISV) just reported Q3 earnings of $1.16 per share which was two cents better than Wall Street’s estimate.

The company also increased its full-year EPS guidance from $4.42 to $4.54 to a new range of $4.54 to $4.60. Last year, Fiserv made $4.05 per share so this is very good growth.

Since the company has made $3.31 per share for the first three quarters of this fiscal year, their new full-year guidance translates to a Q4 guidance of $1.23 to $1.29 per share. Wall Street had been expecting $4.53 per share for the year and $1.25 per share for Q4.

Nothing’s changed with Fiserv’s business except that the stock was at $65 four months ago. This is a very solid company.

Posted by on November 1st, 2011 at 5:47 pm


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