Fiserv Earned 84 Cents per Share

After the bell on Tuesday, Fiserv (FISV) released a pretty good earnings report. This is a relief because the Q4 report wasn’t so hot. For Q1, the company made 84 cents per share. That’s an increase of 12% over last year. It also beat expectations by two cents per share. Quarterly revenues rose 5% to $1.43 billion. Free cash flow was $302 million, and adjusted operating margin came in at 31.9%. Those are nice numbers.

“We are off to a strong start to the year, with first quarter internal revenue growth and sales ahead of our initial expectations,” said Jeffery Yabuki, President and Chief Executive Officer of Fiserv. “In addition to strong financial performance, we are well into integration planning and looking forward to completing the First Data acquisition in the second half of the year.”

In January, Fiserv said it’s going to merge with First Data in a major deal. The plans are moving ahead. The company sees the deal being completed in the second half of this year. Due to the pending merger, Fiserv has suspended all stock buybacks. Fiserv reiterated its full-year earnings range of $3.39 to $3.52 per share.

Update: From Fiserv’s earnings call, this is what Jeffery W. Yabuki has to say about Q2.

Although we don’t provide quarterly guidance, it’s important to remind you that we had very high periodic revenue in last year’s Q2, which will create a difficult compare this year. As such, we anticipate the second quarter will be the low watermark for both internal revenue and adjusted EPS growth with strong acceleration into the back half of the year

Posted by on April 30th, 2019 at 4:05 pm


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