MILWAUKEE (AP) — MILWAUKEE (AP) — Fiserv Inc. (FISV) on Tuesday reported fourth-quarter profit of $811 million.
On a per-share basis, the Milwaukee-based company said it had profit of $1.51. Earnings, adjusted for one-time gains and costs, were $1.99 per share.
The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.90 per share.
The financial services technology company posted revenue of $5.28 billion in the period. Its adjusted revenue was $4.9 billion, which did not meet Street forecasts. Twelve analysts surveyed by Zacks expected $4.95 billion.
For the year, the company reported profit of $3.48 billion, or $6.34 per share. Revenue was reported as $19.8 billion.
Fiserv expects full-year earnings in the range of $8 to $8.30 per share.
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