Fiserv, Inc. (FISV) reported fourth-quarter income from continuing operations of $181 million or $0.73 per share, compared to $220 million or $0.84 per share, prior year. The company noted that the prior year fourth quarter GAAP earnings per share from continuing operations included a $0.21 per share gain on the partial divestiture of a subsidiary business at StoneRiver Group, L.P., a joint venture in which the company owns a 49% interest. Adjusted earnings per share from continuing operations was $0.89, for the quarter.
On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $0.89 for the quarter. Analysts' estimates typically exclude special items.
Revenue increased to $1.32 billion from $1.26 billion last year. Analysts expected revenue of $1.32 million for the quarter. Adjusted revenue was $1.23 billion in the fourth quarter.
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. Analysts expect the company to report 2015 earnings per share of $3.78.
For comments and feedback contact: editorial@rttnews.com
Business News