MILWAUKEE (AP) — MILWAUKEE (AP) — Fiserv Inc. (FI) on Thursday reported first-quarter profit of $851 million.
The Milwaukee-based company said it had profit of $1.51 per share. Earnings, adjusted for one-time gains and costs, were $2.14 per share.
The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.08 per share.
The financial services technology company posted revenue of $5.13 billion in the period. Its adjusted revenue was $4.79 billion, falling short of Street forecasts. Ten analysts surveyed by Zacks expected $4.86 billion.
Fiserv expects full-year earnings in the range of $10.10 to $10.30 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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