BROOKFIELD, Wis. (AP) — BROOKFIELD, Wis. (AP) — Fiserv Inc. (FI) on Tuesday reported first-quarter net income of $735 million.
The Brookfield, Wisconsin-based company said it had profit of $1.24 per share. Earnings, adjusted for one-time gains and costs, came to $1.88 per share.
The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.77 per share.
The financial services technology company posted revenue of $4.88 billion in the period. Its adjusted revenue was $4.54 billion, missing Street forecasts. Eleven analysts surveyed by Zacks expected $4.56 billion.
Fiserv expects full-year earnings in the range of $8.60 to $8.75 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FI at https://www.zacks.com/ap/FI
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