Earnings from Fiserv and Silgan

Hectic morning today in the markets. Stocks started off well, then dipped lower and now are back up again. I see that shares of Twitter are down to $48 per share. Perhaps there are some deal doubters out there.

We had two Buy List earnings report this morning. Fiserv (FISV) earned $1.40 per share. That’s up 20% from last year and it topped Wall Street by five cents. Adjusted revenue grew by 10% to $3.91 billion. Organic revenue growth was up 11%.

Fiserv stuck by its full-year forecast of $6.40 to $6.55 per share. That works out to growth of 15% to 17%.

Also this morning, Silgan Holdings (SLGN) said it made 78 cents per share for its Q1. That was two cents more than estimates. Business is going so well that Silgan raised its full-year guidance range to $3.90 to $4.05 per share. The previous range was $3.80 to $4.00 per share. In February, the company bumped up its quarterly dividend from 14 to 16 cents per share.

AFLAC and FICO will report after the close.

Posted by on April 27th, 2022 at 11:49 am


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