Fiserv Earnings Expanded 47% in 3Q

Fiserv Inc. reported Tuesday that its net income grew 47% in the third quarter, to $115 million, though revenue fell 5%, to $992 million, compared to a year earlier.

The Brookfield, Wis., financial technology company reported adjusted earnings per share from continuing operations of 92 cents, which met the average of analysts' estimates. During the quarter, Fiserv announced the sale of its Loan Fulfillment Solutions business, a deal expected to close this quarter.

The company affirmed its projection of full-year adjusted earnings per share from continuing operations in a narrowed range of $3.63 to $3.68.

For reprint and licensing requests for this article, click here.
Bank technology
MORE FROM AMERICAN BANKER