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Fiserv: 3Q Earnings Snapshot

·1 min read

BROOKFIELD, Wis. (AP) _ Fiserv Inc. (FISV) on Tuesday reported third-quarter net income of $264 million.

The Brookfield, Wisconsin-based company said it had profit of 39 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.20 per share.

The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.

The financial services technology company posted revenue of $3.79 billion in the period. Its adjusted revenue was $3.59 billion, also topping Street forecasts. Ten analysts surveyed by Zacks expected $3.56 billion.

Fiserv shares have decreased 16% since the beginning of the year, while the Standard & Poor's 500 index has increased 5%. In the final minutes of trading on Tuesday, shares hit $96.60, a decline of roughly 6% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FISV at https://www.zacks.com/ap/FISV