BROOKFIELD (dpa-AFX) - Fiserv Inc. (FI) revealed earnings for its first
quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $735 million, or $1.24 per share. This
compares with $563 million, or $0.89 per share, in last year's first quarter.

Excluding items, Fiserv Inc. reported adjusted earnings of $1.12 billion or
$1.88 per share for the period.

Analysts on average had expected the company to earn $1.79 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 7.3% to $4.88 billion from $4.55
billion last year.

Fiserv Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $735 Mln. vs. $563 Mln. last year.
-EPS (Q1): $1.24 vs. $0.89 last year.
-Revenue (Q1): $4.88 Bln vs. $4.55 Bln last year.

-Guidance:
Full year EPS guidance: $8.60 to $8.75


Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX