AP NEWS

Fiserv: 3Q Earnings Snapshot

November 6, 2019 GMT

BROOKFIELD, Wis. (AP) _ Fiserv Inc. (FISV) on Wednesday reported third-quarter net income of $198 million.

The Brookfield, Wisconsin-based company said it had net income of 33 cents per share. Earnings, adjusted for one-time gains and costs, were $1.02 per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.

The financial services technology company posted revenue of $3.13 billion in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $3.82 billion.

Fiserv expects full-year earnings in the range of $3.98 to $4.02 per share.

Fiserv shares have climbed 43% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 23%. In the final minutes of trading on Wednesday, shares hit $104.75, an increase of 35% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FISV at https://www.zacks.com/ap/FISV