Reported about 17 hours ago
Fiserv's stock fell nearly 42% after the company reported disappointing earnings and lowered its second-quarter growth forecast for the second consecutive time, attributing struggles in its core payments and merchant business to increased competition and declining consumer spending. In response to these challenges, Fiserv announced significant leadership changes, further unsettling investors. The company now expects annual revenue growth of just 3.5% to 4%, a sharp decline from earlier predictions, leading to concerns about its future performance and potential long-term recovery.
Source: YAHOO