MILWAUKEE (AP) — MILWAUKEE (AP) — Fiserv Inc. (FISV) on Tuesday reported first-quarter profit of $571 million.
The Milwaukee-based company said it had net income of $1.07 per share. Earnings, adjusted for one-time gains and costs, were $1.79 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.
The financial services technology company posted revenue of $5.03 billion in the period. Its adjusted revenue was $4.68 billion, falling short of Street forecasts. Nine analysts surveyed by Zacks expected $4.76 billion.
Fiserv expects full-year earnings in the range of $8 to $8.30 per share.
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