Fiserv Inc. Q4 Profit Increases, beats estimates

Fiserv Inc. (FISV) reported earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $333 million, or $0.50 per share. This compares with $300 million, or $0.44 per share, in last year's fourth quarter.

Excluding items, Fiserv Inc. reported adjusted earnings of $1.04 billion or $1.57 per share for the period.

Analysts on average had expected the company to earn $1.56 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.2% to $4.26 billion from $3.83 billion last year.

Fiserv Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $333 Mln. vs. $300 Mln. last year.
-EPS (Q4): $0.50 vs. $0.44 last year.
-Analyst Estimate: $1.56
-Revenue (Q4): $4.26 Bln vs. $3.83 Bln last year.

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