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Fiserv Inc   (FISV)
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EARNINGS REPORT by CSIMarket

EPS Fell while Sales More than Doubled

Fiserv Inc announced first quarter 2020 operating profit of $629 millions, company expects fiscal year eps at $ 3.78 per share and Sales at $5,345 millions

Despite very strong Sales growth of 154.73 % year on year to $3.83 billions in the first quarter 2020, company faced earnings grew modestly at $0.57.

Compare to previous quarter eps soared by 60.34 % from $0.36 per share and Sales deteriorated by -7.96 % from $4.16 billions.

The earnings growth of 7.96% and 12.95%, in Financial and Payments businesses respectively, pushed up Fiserv Inc 's profits by 67.56 % in the first quarter 2020, to net income of $377.000 millions for the first quarter 2020, compare to income of $225.000 millions achieved a year before. Fiserv Inc shifted it's focus on improving sales in the first quarter 2020, as a result net margin eased to 9.85%. Fiserv Inc provided annual earnings per share guidance between $3.73 and $ 3.83, while on the sales side company expects to achieve revenues between $5,319 millions and $5,370 millions.


Fiserv Inc is expected to report next financial results on August 03, 2020.


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Other FISV's Earnings Reports

Fiserv Inc reported fourth quarter 2019 earnings

Fiserv Inc reported third quarter 2019 earnings

Fiserv Inc reported second quarter 2019 earnings

       
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