Reported about 1 month ago
Fiserv has raised the lower end of its annual profit forecast after posting higher-than-expected quarterly earnings, driven by robust spending patterns. Despite a 41% drop in net profit attributed to a significant non-cash impairment charge, the company reported earnings of $2.30 per share, surpassing expectations. Fiserv's outlook for 2024 earnings per share has been adjusted upward, reflecting a positive trend in consumer financial health despite potential slowdowns in non-essential purchases.
Source: YAHOO