Fiserv Inc.’s shares fell more than 3% in after-hours trading Thursday after the Brookfield, Wis., banking technology vendor reported earnings that missed analysts’ estimates.
The company, which sells Internet banking, payment processing and customer management systems to banks and credit unions, said it earned 80 cents per diluted share from continuing operations in the fourth quarter, down from 83 cents in a year earlier. The fourth-quarter result included 11 cents per share charge for early debt extinguishment.
Analysts had expected the company would earn $1.07 per share, according to Thomson Financial.
Income from continuing operations, which excludes businesses they have sold in the prior 12 months, fell 7% to $119 million.
The company said its revenue for the quarter rose 1.5% to $1.08 billion, thanks in part to the sale of additional products to existing customers.
Fiserv’s shares closed down 0.3% at $62.31 before the company released earnings. They fell as much as 3.7% to $59.99 following the results.
