Fiserv Inc. (FISV) on Wednesday reported fourth-quarter net income
of $546 million.
Brookfield-based company said it had net income of $2.57 per share.
Earnings, adjusted for one-time gains and costs, came to $1.41 per
topped Wall Street expectations. The average estimate of 12 analysts
surveyed by Zacks Investment Research was for earnings of $1.37 per
services technology company posted revenue of $1.52 billion in the
period, also beating Street forecasts. Eight analysts surveyed by
Zacks expected $1.51 billion.
For the year,
the company reported profit of $1.25 billion, or $5.78 per share.
Revenue was reported as $5.7 billion.
full-year earnings in the range of $6.05 to $6.30 per share.
have decreased 1 percent since the beginning of the year, while the
Standard & Poor’s 500 index has stayed nearly flat. In the final
minutes of trading on Wednesday, shares hit $129.75, an increase of
22 percent in the last 12 months.