FI - Fiserv Analysts Increase Their Forecasts After Upbeat Earnings | Benzinga
Fiserv, Inc (NYSE: FI) reported better-than-expected fourth-quarter financial results on Tuesday.
Fiserv reported fourth-quarter results, with revenue increasing by 6% Y/Y to $4.92 billion, beating the consensus of $4.69 billion. Adjusted revenue increased 6% Y/Y to $4.64 billion, according to data from Benzinga Pro.
Adjusted EPS of $2.19 beat the consensus of $2.15. This is a 15% increase over $1.91 from the same period last year. The adjusted operating margin increased by 150 bps Y/Y to 40.7%.
"Fiserv closed out 2023 with accelerated organic revenue growth of 12%, representing our third consecutive year of double-digit growth, ...