— Fiserv Inc. (FISV) on Tuesday reported third-quarter net income of
Brookfield-based company said it had net income of $1.08 per share.
Earnings, adjusted for onetime gains and costs, were $1.27 per
The results did
not meet Wall Street expectations. The average estimate of 13
analysts surveyed by Zacks Investment Research was for earnings of
$1.30 per share.
services technology company posted revenue of $1.4 billion in the
period, which also did not meet Street forecasts. Eight analysts
surveyed by Zacks expected $1.45 billion.
full-year earnings in the range of $5.05 to $5.12 per share.
have increased 22 percent since the beginning of the year, while the
Standard & Poor’s 500 index has risen 15 percent. In the final
minutes of trading on Tuesday, shares hit $129.43, a climb of 31
percent in the last 12 months.