Shock Selloff: Fiserv (FI) Stock Plunges 40% After ‘Shockingly Bad’ Q3, Major Shakeup Unveiled
Disappointing Q3 Results and Outlook Reset On Oct. 29, Fiserv (NYSE: FI) reported a severely underwhelming third quarter. Adjusted EPS was just $2.04, about $0.60 below analyst forecasts, on revenue of $4.92B vs. $5.36B expected ng.investing.com. In GAAP terms, earnings were $1.46 and revenue $5.26B ts2.tech, boosted by one-time items last year, but these obscured weakening core trends. Organic growth virtually stalled (~1% YoY) after mid-single-digit gains in Q2 ts2.tech. Fiserv cited a steep fall in its Argentine peso business (higher local rates and currency losses) and softer merchant volumes for the shortfall. CEO Mike Lyons – on the job