Fiserv: Q4 Earnings Snapshot

Associated Press Finance
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BROOKFIELD, Wis. (AP) — BROOKFIELD, Wis. (AP) — Fiserv Inc. (FI) on Tuesday reported fourth-quarter net income of $870 million.

The Brookfield, Wisconsin-based company said it had profit of $1.45 per share. Earnings, adjusted for non-recurring costs, were $2.19 per share.

The results surpassed Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $2.15 per share.

The financial services technology company posted revenue of $4.92 billion in the period. Its adjusted revenue was $4.64 billion, which missed Street forecasts. Thirteen analysts surveyed by Zacks expected $4.69 billion.

For the year, the company reported profit of $3.07 billion, or $4.98 per share. Revenue was reported as $18.04 billion.

Fiserv expects full-year earnings in the range of $8.55 to $8.70 per share.

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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 FI at https://www.zacks.com/ap/FI

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