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Fiserv: 4Q Earnings Snapshot

BROOKFIELD, Wis. (AP) _ Fiserv Inc. (FISV) on Tuesday reported fourth-quarter earnings of $247 million.

The Brookfield, Wisconsin-based company said it had net income of 36 cents per share. Earnings, adjusted for one-time gains and costs, were $1.13 per share.

The results did not meet Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.

The financial services technology company posted revenue of $4.05 billion in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $3.96 billion.

For the year, the company reported profit of $893 million, or $1.71 per share. Revenue was reported as $10.19 billion.

Fiserv expects full-year earnings in the range of $4.86 to $5.02 per share.

Fiserv shares have climbed 7% since the beginning of the year, while the Standard & Poor's 500 index has risen 2%. In the final minutes of trading on Tuesday, shares hit $123.89, an increase of 47% in the last 12 months.


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