Fiserv Earnings Miss Expectations, Shares Slide – What’s Next for the Fintech Giant?
Background: Fiserv (NYSE: FI) is a Fortune 500 payments and fintech company (owner of Clover point-of-sale systems, etc.). Before today’s release, analysts expected a solid quarter – roughly 9% revenue growth and $2.65 EPS Stockstory. Instead, Fiserv’s adjusted EPS came in at only $2.04 Gurufocus, missing estimates by about $0.60. Notably, GAAP EPS was $1.46 (up 49% YoY) due to…