Published on 26 Jul 2023 on Zacks via Yahoo Finance
Fiserv, Inc. FI reported disappointing second-quarter 2023 results, wherein earnings matched the Zacks Consensus Estimate while revenues missed the same.
Adjusted earnings per share (excluding 71 cents from non-recurring items) of $1.81 increased 16% year over year, matching the consensus mark. Adjusted revenues of $4.51 billion missed the consensus estimate by 0.4%, increasing 1.3% year over year.Organic revenue growth was 10% in the quarter, driven by 14% growth and 9% growth in the Acceptance and Payments segments, respectively.
Fiserv, Inc. Price, Consensus and EPS Surprise