Fiserv Inc. (FISV), Tuesday reported first-quarter net income of $117 million or $0.87 per share, down from $132 million or $0.94 per share last year.
On an adjusted basis, earnings for the period rose to $1.33 per share from $1.18 per share last year.
Revenues for the the quarter grew to $1.15 billion from $1.10 billion last year. Adjusted revenue rose to $1.08 billion from $1.02 billion a year ago.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.34 per share on revenues of $1.20 billion for the quarter. Analysts' estimates typically exclude special items.
Moving ahead, the company lowered its adjusted earnings guidance to a range of $5.84 to $6.03 per share, from prior estimate of $5.88 to $6.07 per share. Fiserv continues to expect 2013 adjusted revenue growth to be in excess of 10 percent and adjusted internal revenue growth to be ina range of 3 to 4 percent.
Analysts currenlty estimate earnings of $5.97 per share on revenues of $4.94 billion for the quarter.
"We anticipate sequentially stronger performance this year as we benefit from the onboarding of new sales and the Open Solutions acquisition," said Chief Executive Jeffery Yabuki.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.