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Fiserv: 4Q Earnings Snapshot

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BROOKFIELD, Wis. (AP) _ Fiserv Inc. (FISV) on Tuesday reported fourth-quarter earnings of $300 million.

On a per-share basis, the Brookfield, Wisconsin-based company said it had net income of 44 cents. Earnings, adjusted for one-time gains and costs, came to $1.30 per share.

The results exceeded Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.

The financial services technology company posted revenue of $3.83 billion in the period. Its adjusted revenue was $3.62 billion, which missed Street forecasts. Twelve analysts surveyed by Zacks expected $3.76 billion.

For the year, the company reported profit of $958 million, or $1.40 per share. Revenue was reported as $13.91 billion.

Fiserv expects full-year earnings in the range of $5.30 to $5.50 per share.

Fiserv shares have declined slightly since the beginning of the year, while the Standard & Poor's 500 index has risen 4%. In the final minutes of trading on Tuesday, shares hit $113.45, a fall of almost 8% 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