Fiserv Earns 89 Cents per Share

Solid quarter from Fiserv (FISV). The company earned 89 cents per share for Q4, and $3.37 per share for all of 2014. That’s up from $2.99 for 2013. Fiserv forecasts a range of $3.73 to $3.83 for 2015. Very good.

“We delivered strong results in 2014 highlighted by adjusted internal revenue growth approaching the top-end of our guidance, and our 29th consecutive year of double digit adjusted earnings per share growth,“ said Jeffery Yabuki, President and Chief Executive Officer of Fiserv. “Increased sales, expanded operating margin and record free cash flow add to our momentum as we enter 2015.”

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Outlook for 2015

Fiserv expects adjusted internal revenue to grow in a range of 5 to 6 percent. The company also expects adjusted earnings per share in a range of $3.73 to $3.83, which would represent growth of 11 to 14 percent over $3.37 in 2014.

“We expect acceleration in our adjusted internal revenue growth again in 2015, along with margin expansion, strong free cash flow and continued shareholder-friendly capital allocation,” said Yabuki.

Posted by on February 3rd, 2015 at 4:19 pm


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