Fiserv Shares Dip as Income Falls 7.4%

Fiserv Inc.'s shares dipped slightly in after-hours trading Wednesday after the banking technology vendor reported earnings that missed analysts' estimates.

The Brookfield, Wis., company's net income fell 7.4% from a year earlier, to $112 million. It reported diluted earnings per share of 76 cents, down from 79 cents a year earlier.

Fiserv's adjusted earnings per share, which analysts track, were $1.02 per share. Analysts had predicted $1.04 per share, according to Thomson Financial. The company's revenue rose 3.9%, to $1.05 billion. Fiserv's shares fell 20 cents after the close of the market, to $64.19.

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