Fiserv Earned $1.33 per Share for Q1

Fiserv just reported first-quarter earnings of $1.33 per share which was one penny below consensus. For Q1 last year, the company made $1.15 per share. Fiserv’s CEO, Jeffery Yabuki, said the company is “on-track to achieve our targeted results for the year.”

For the entire year, Fiserv expects adjusted revenue growth in excess of 10%, and earnings-per-share are expected to rise between 15% and 19% to a range of $5.84 to $6.03. The Street had been expecting $5.97 per share.

The stock is down a bit in after-hours trading but there’s nothing surprising in this report. This is exactly what we expect of Fiserv.

Posted by on April 30th, 2013 at 4:31 pm

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