Is Fiserv’s 21% Stock Plunge the Start of a Major Shakeup Investors Can’t Afford to Ignore?
The market also ignored that management raised the lower bound of its full-year outlook for earnings per share (EPS) by 5 cents to between $10.15 and $10.30.
“We made several refinements to our guidance based on our year-to-date performance and current business activity levels,” said longtime Fiserv CEO Mike Lyons. “We are encouraged by our strong pipeline, recent client wins, and the quality of our strategic initiatives, and expect to deliver Fiserv’s 40th consecutive year of double-digit adjusted earnings per share growth.”
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