BROOKFIELD, Wis. – Fiserv yesterday said losses related to an early extinguishment of debt pushed down third quarter profit by 4% to $127 million.
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The losses related to the debt buyback amounted to $24 million for the third quarter and $85 million for the first nine months of the year, pushing three-quarter net down 13% to $329 million.
Still, revenues rose 4% in the third quarter to $1.1 billion, and by 4% for the first three quarters of the fiscal year to $3.2 billion.
Third quarter highlights included the September completion of the acquisition of CashEdge and the addition of 114 new electronic billing clients and 105 new customers for the company’s ZashPay person-to-person payments product.
