Fiserv Earns 95 Cents per Share

Yet another earnings beat. Fiserv (FISV) just reported Q2 earnings of 95 cents per share. That was one penny better than estimates, and it’s up from 81 cents per share in last year’s Q2. Revenue rose 4%.

“We executed well in the quarter which led to solid financial results,” said Jeffery Yabuki, President and Chief Executive Officer of Fiserv. “Our results for the first half of the year are in-line with our expectations, and reflect our commitment to delivering high-quality revenue growth, margin expansion and excellent free cash flow.”

More importantly, Fiserv reiterated their full-year range of $3.73 to $3.83 per share. That’s an increase of 11% to 14% over last year’s profit of $3.37 per share. Their six-month profit is up to $1.83 from $1.63 per share last year. Fiserv is on track to grow earnings by double digits for the 30th year in a row.

The shares rose 2.5% today and are just below their 52-week high.

Posted by on July 29th, 2015 at 4:19 pm

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