Investing.com - Fiserv (NASDAQ:FISV) reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.02 on revenue of $3.13B. Analysts polled by Investing.com anticipated EPS of $0.99 on revenue of $3.82B. That compared to EPS of $0.75 on revenue of $1.41B in the same period a year earlier. The company had reported EPS of $0.82 on revenue of $1.51B in the previous quarter.
Fiserv shares gained 2.08% to trade at $107.00 in after-hours trade following the report.
For the year, Fiserv shares are up 42.63%, outperforming the Nasdaq which is up 29.26% year to date.
Fiserv follows other major Technology sector earnings this month
On Wednesday, October 30, 2019, Apple reported fourth quarter EPS of $3.03 on revenue of $64.04B, compared to forecasts of EPS of $2.83 on revenue of $63.01B.
Microsoft earnings beat analyst's expectations on Wednesday, October 23, 2019, with first quarter EPS of $1.38 on revenue of $33.06B. Investing.com analysts expected EPS of $1.25 on revenue of $32.15B
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