Fiserv Inc. Q3 Profit Increases, But Misses Estimates

(RTTNews) - Fiserv Inc. (FI) released earnings for its third quarter that Increased from the same period last year but missed the Street estimates.

The company's bottom line totaled $792 million, or $1.46 per share. This compares with $564 million, or $0.98 per share, last year.

Excluding items, Fiserv Inc. reported adjusted earnings of $1.105 billion or $2.04 per share for the period.

Analysts on average had expected the company to earn $2.65 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 0.9% to $5.263 billion from $5.215 billion last year.

Fiserv Inc. earnings at a glance (GAAP) :

-Earnings: $792 Mln. vs. $564 Mln. last year. -EPS: $1.46 vs. $0.98 last year. -Revenue: $5.263 Bln vs. $5.215 Bln last year.

-Guidance: Full year EPS guidance: $8.50 to $8.60