Fiserv’s Earnings

Fiserv’s (FISV) earnings took a big hit last quarter due to a loss on the sale of part of its business. Fiserv made 39 cents a share compared with 58 cents a share for last year’s fourth-quarter. Once you toss out all the charges and one-time stuff, FISV made 85 cents a share which was just a penny below the Street’s estimate. Revenues dropped 4% to $1.06 billion from $1.11 billion.
For the year, adjusted EPS was up 23% to $3.29 compared with $2.67 in 2007. For this year, Fiserv sees adjusted EPS rising 10% to 14% which works out to a range of $3.61 to $3.75.

The stock has basically followed the stock market even though its earnings outlook is far brighter.

Posted by Eddy Elfenbein on February 4th, 2009 at 1:41 pm

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