Fiserv Q2 Profit Declines; Backs FY13 Adj. EPS Outlook - Quick Facts

(RTTNews) - Fiserv Inc. (FISV), Tuesday reported second-quarter net income of $151 million or $1.13 per share, compared to $161 million or $1.17 per share last year.

On an adjusted basis, earnings for the period rose to $1.50 per share from $1.27 per share last year.

Revenues for the the quarter grew to $1.20 billion from $1.09 billion last year. Adjusted revenue rose to $1.14 billion from $1.02 billion a year ago.

Analysts polled by Thomson Reuters expected the company to report earnings of $1.44 per share on revenues of $1.20 billion for the quarter. Analysts' estimates typically exclude special items.

Moving ahead, the company continues to expect 2013 adjusted earnings guidance in a range of $5.84 to $6.03 per share. Fiserv continues to expect 2013 adjusted revenue growth to be in excess of 10 percent and adjusted internal revenue growth to be in a range of 3 to 4 percent.

Analysts currently estimate earnings of $5.93 per share on revenues of $4.87 billion for the quarter.