Fiserv Earns $1.04 Per Share

After the bell, Fiserv (FISV) reported Q3 earnings of $1.04 per share. The Street was looking for $1.00. As I said, Fiserv rarely deviates much from guidance. Four cents is a pretty nice beat for them.

They kept the full-year guidance range the same at $3.96 to $4.07 per share. That seems very out-of-date since Fiserv has already made $2.99 per share for the first three quarters of 2010.

As a result, we can expect Q4 earnings between 97 cents and $1.08 per share. But if they make less than $1 per share this quarter, then we’ll know something went very wrong. In fact, if they made less than $1.04, it would be ugly.

I wish they had raised the low-end of guidance. Maybe that will come later this year. The stock is down modestly after-hours.

Posted by on October 26th, 2010 at 4:26 pm


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