Fiserv misses by $0.04, misses on revs; guides FY17 EPS in-line
- Reports Q3 (Sep) earnings of $1.27 per share, excluding non-recurring items, $0.04 worse thanthe Capital IQ Consensus of $1.31; revenues rose 1.4% year/year to $1.4 bln vs the $1.45 bln Capital IQ Consensus.
- "Fiserv continued to execute well, delivering double-digit adjusted earnings per share growth despite pressure from lower periodic revenue in the quarter," said Jeffery Yabuki, President and Chief Executive Officer of Fiserv. "Sales were solid in the quarter, providing momentum for a strong close to the year."
- Co issues in-line guidancefor FY17, sees EPS of $5.05-$5.12, excluding non-recurring items, vs. $5.10 Capital IQ Consensus Estimate. For the full year, Fiserv expects internal revenue growth of 4 percent.
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