NEW YORK (Thomson Financial) - Fiserv Inc. reported fourth-quarter net
income of $96.7 million, or 58 cents a share, down from $105.9 million, or 61
cents a share, in the same period a year ago. Excluding non-recurring items,
adjusted earnings were 69 cents a share, below the mean estimate of analysts
surveyed by Thomson Financial of 71 cents a share.
Revenue for the quarter ending Dec. 31 rose 19% to $1.11 billion from last
year's $930.1 million, topping analyst forecasts of $1.07 billion.
The Brookfield, Wis. electronic payment services company said it expects
2008 adjusted earnings of $3.33 to $3.47 a share, compared with analyst
projections of $3.46 a share.
The company expects internal revenue growth for the year to be 5% to 7%,
compared with 5% for 2007.
The stock closed Wednesday's regular session at $49.59.
Tomi Kilgore
tk1
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