Fiserv: 2Q Earnings Snapshot
BROOKFIELD, Wis. (AP) _ Fiserv Inc. (FISV) on Tuesday reported second-quarter net income of $251 million.
The Brookfield, Wisconsin-based company said it had profit of 60 cents per share. Earnings, adjusted for one-time gains and costs, came to 75 cents per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.
The financial services technology company posted revenue of $1.42 billion in the period, meeting Street forecasts.
Fiserv expects full-year earnings in the range of $3.02 to $3.15 per share.
Fiserv shares have increased 15 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased slightly more than 5 percent. In the final minutes of trading on Tuesday, shares hit $75.21, an increase of 17 percent in the last 12 months.