Fiserv: 2Q Earnings Snapshot
BROOKFIELD, Wis. (AP) _ Fiserv Inc. (FISV) on Thursday reported second-quarter net income of $223 million.
The Brookfield, Wisconsin-based company said it had net income of 56 cents per share. Earnings, adjusted for one-time gains and costs, were 82 cents per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.
The financial services technology company posted revenue of $1.51 billion in the period, which met Street forecasts.
Fiserv expects full-year earnings in the range of $3.39 to $3.52 per share.
Fiserv shares have risen 31% since the beginning of the year, while the Standard & Poor’s 500 index has risen 20%. In the final minutes of trading on Thursday, shares hit $96.34, a climb of 24% in the last 12 months.