Reported about 16 hours ago
Fiserv's stock plummeted 44% after the fintech company slashed its earnings guidance and announced significant changes in its senior management. New CEO Mike Lyons revealed that expected adjusted earnings per share would decrease from $10.15-$10.30 to $8.50-$8.60, citing 'financial surprises' as a reason for the adjustment. The company also introduced a new strategic plan called One Fiserv and made key appointments, including two new co-presidents and a new CFO, while pushing back long-term earnings guidance until November.
Source: YAHOO