Fiserv Misses By a Penny

After the closing bell, Fiserv ($FISV) reported Q4 earnings of 79 cents per share which was one penny below expectations. Quarterly revenues rose 10.3% to $1.26 billion which matched forecasts.

Now on to the important stuff which is their guidance for 2014. Fiserv sees EPS this year ranging between $3.28 and $3.37 per share. That’s a pretty good range. I had thought it might be a little lower. The Street had been expecting $3.34. For all of 2013, Fiserv made $2.99 per share compared with $2.54 in 2012.

“Our fourth quarter performance capped off a strong year of delivering on our financial commitments including our 28th consecutive year of double digit adjusted earnings per share growth,” said Jeffery Yabuki, President and Chief Executive Officer of Fiserv. “We enter 2014 with important market momentum and a focus on driving exceptional client value.”

Posted by on February 5th, 2014 at 6:57 pm

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