23.04.2024 13:10:07 - dpa-AFX: Fiserv Inc. Q1 Profit Increases, beats estimates
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
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