Fiserv Earned $1.39 Per Share for Q4

For Q4, Fiserv ($FISV) earned $1.39 per share which matched Wall Street’s forecast.

Fiserv, Inc., a leading global provider of financial services technology solutions, today reported financial results for the fourth quarter and full year 2012.

GAAP revenue was $1.16 billion and adjusted revenue was $1.08 billion in the fourth quarter, both consistent with the fourth quarter of 2011. For the full year, GAAP revenue was $4.48 billion compared with $4.34 billion in 2011. Adjusted revenue was $4.20 billion compared with $4.07 billion in 2011, an increase of 3 percent.

GAAP earnings per share from continuing operations for the fourth quarter was $1.18 compared with $1.07 in 2011. GAAP earnings per share from continuing operations for the full year was $4.34 compared with $3.40, which included a loss from early debt extinguishment of $0.37 per share, in 2011.

Adjusted earnings per share from continuing operations in the fourth quarter increased 9 percent to $1.39 compared with $1.27 in the fourth quarter of 2011. Adjusted earnings per share from continuing operations for the year grew 12 percent to $5.13 compared with $4.58 in 2011.

“Our 2012 results were highlighted by our 27th consecutive year of double-digit adjusted earnings per share growth and meaningful strategic progress,” said Jeffery Yabuki, President and Chief Executive Officer of Fiserv. “We capped off a strong sales year with exceptional performance in the fourth quarter.”

This basically matches what Fiserv told us to expect three weeks ago. Fiserv earned $5.13 per share for the entire year. They expect growth of 15% to 18% for this year, and specified an earnings range of $5.88 to $6.07 per share. If that’s correct, then FISV is going for less than 14 times this year’s earnings.

Posted by on February 5th, 2013 at 4:14 pm


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