Investing.com - Fiserv (NASDAQ:FISV) reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Fiserv announced earnings per share of $1.13 on revenue of $3.71B. Analysts polled by Investing.com anticipated EPS of $1.14 on revenue of $3.8B. That with comparison to EPS of $0.84 on revenue of $1.55B in the same period a year before. Fiserv had reported EPS of $1.02 on revenue of $3.62B in the previous quarter. Analysts are expecting EPS of $1.09 and revenue of $3.68B in the upcoming quarter.
Fiserv shares are up 7.19% from the beginning of the year , still down 0.88% from its 52 week high of $125.04 set on February 4. They are outperforming the S&P 500 which is up 1.65% year to date.
Fiserv shares lost 3.18% in after-hours trade after the report.
Fiserv follows other major Technology sector earnings this month
Fiserv's report follows an earnings beat by Apple on January 28, who reported EPS of $4.99 on revenue of $91.82B, compared to forecasts EPS of $4.54 on revenue of $88.51B.
Microsoft had beat expectations on January 29 with second quarter EPS of $1.51 on revenue of $36.91B, compared to forecast for EPS of $1.05 on revenue of $32,512M.
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