Fiserv: 3Q Earnings Snapshot
BROOKFIELD, Wis. (AP) _ Fiserv Inc. (FISV) on Wednesday reported third-quarter profit of $227 million.
On a per-share basis, the Brookfield, Wisconsin-based company said it had net income of 55 cents. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, came to 75 cents per share.
The results fell short of Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.
The financial services technology company posted revenue of $1.41 billion in the period, which also did not meet Street forecasts. Seven analysts surveyed by Zacks expected $1.43 billion.
Fiserv expects full-year earnings in the range of $3.10 to $3.