Fiserv Q4 Earnings Beat Expectations, Revenue Falls Short
Fiserv Inc. (FI) reported a strong fourth-quarter profit on Wednesday, exceeding Wall Street expectations. The company reported net income of $938 million, or $1.64 per share. Adjusted earnings were $2.51 per share.
Analysts surveyed by Zacks Investment Research had expected earnings of $2.48 per share. Fiserv's revenue for the quarter was $5.25 billion, with adjusted revenue at $4.9 billion. This fell short of analysts' estimates of $4.96 billion.
For the full year, Fiserv reported profit of $3.13 billion, or $5.38 per share, on revenue of $19.12 billion.
Looking ahead, Fiserv expects full-year earnings in the range of $10.10 to $10.30 per share.