Fiserv Earned $1.27 per Share

Fiserv (FISV) reported Q3 earnings of $1.27 per share. That was four cents below Wall Street’s estimate.

“Fiserv continued to execute well, delivering double-digit adjusted earnings per share growth despite pressure from lower periodic revenue in the quarter,” said Jeffery Yabuki, President and Chief Executive Officer of Fiserv. “Sales were solid in the quarter, providing momentum for a strong close to the year.”

Fiserv narrowed their full-year guidance from $5.03 to $5.17 per share to $5.05 to $5.12. That represents growth of 14% to 16% over last year. That means Q4 earnings of $1.34 to $1.41. Wall Street had been expecting $1.36 per share.

“We expect to achieve our full-year financial outlook which includes strong fourth quarter revenue growth leading to internal revenue growth acceleration in 2018,” said Yabuki.

Posted by on October 31st, 2017 at 4:19 pm

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