Fiserv Inc. Q1 Profit Increases, beats estimates

Fiserv Inc. (FISV) announced earnings for its first quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $669 million, or $1.02 per share. This compares with $304 million, or $0.45 per share, in last year's first quarter.

Excluding items, Fiserv Inc. reported adjusted earnings of $921 million or $1.40 per share for the period.

Analysts on average had expected the company to earn $1.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.1% to $4.14 billion from $3.76 billion last year.

Fiserv Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $669 Mln. vs. $304 Mln. last year.
-EPS (Q1): $1.02 vs. $0.45 last year.
-Analyst Estimate: $1.35
-Revenue (Q1): $4.14 Bln vs. $3.76 Bln last year.

Full year EPS guidance: $6.40 to $6.55

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