Fiserv reports 1Q earnings of $225M

Freeman Staff

May 1, 2019

BROOKFIELD Fiserv Inc. on Tuesday reported first-quarter earnings of $225 million.

The Brookfield-based company said it had profit of 56 cents per share. Earnings, adjusted for one-time gains and costs, came to 84 cents per share, while 11 analysts surveyed by Zacks Investment Research forecast earnings of 82 cents per share.

The financial services technology company posted revenue of $1.5 billion in the period, just missing Street forecasts.

In the final minutes of trading on Tuesday, shares hit $87.14, an increase of 23% in the last 12 months.