Investing.com - Fiserv (NASDAQ:FISV) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Fiserv announced earnings per share of $0.99 on revenue of $3.77B. Analysts polled by Investing.com anticipated EPS of $1 on revenue of $3.54B. That with comparison to EPS of $0.84 on revenue of $1.5B in the same period a year before.Fiserv had reported EPS of $1.13 on revenue of $3.71B in the previous quarter.Analysts are expecting EPS of $1.03 and revenue of $3.41B in the upcoming quarter.
Fiserv shares are down 7% from the beginning of the year and are trading at $103.00 , down-from-52-week-high.They are under-performing the Nasdaq which is down 0.66% year to date.
Fiserv shares lost 4.11% in after-hours trade after the report.
Fiserv follows other major Technology sector earnings this month
Fiserv's report follows an earnings beat by Microsoft on Wednesday, April 29, 2020, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.76B.
Apple had beat expectations on Thursday, April 30, 2020 with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar