Investing.com - Fiserv (NASDAQ:FISV) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Fiserv announced earnings per share of $0.99 on revenue of $3.77B. Analysts polled by Investing.com anticipated EPS of $1 on revenue of $3.54B. That with comparison to EPS of $0.84 on revenue of $1.5B in the same period a year before. Fiserv had reported EPS of $1.13 on revenue of $3.71B in the previous quarter. Analysts are expecting EPS of $1.03 and revenue of $3.41B in the upcoming quarter.
Fiserv shares are down 7% from the beginning of the year , still down 14.10% from its 52 week high of $125.05 set on February 4. They are under-performing the Nasdaq which is down 0.66% year to date.
Fiserv shares lost 4.11% in after-hours trade following the report.
Fiserv follows other major Technology sector earnings this month
Fiserv's report follows an earnings beat by Microsoft on April 29, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.76B.
Apple had beat expectations on April 30 with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar