MILWAUKEE (AP) — MILWAUKEE (AP) — Fiserv Inc. (FISV) on Thursday reported second-quarter profit of $627 million.
The Milwaukee-based company said it had profit of $1.17 per share. Earnings, adjusted for one-time gains and costs, were $1.84 per share.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.89 per share.
The financial services technology company posted revenue of $5.29 billion in the period. Its adjusted revenue was $4.96 billion, which also fell short of Street forecasts. Eight analysts surveyed by Zacks expected $5.05 billion.
Fiserv expects full-year earnings in the range of $7.20 to $7.40 per share.
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