Fiserv Q4 Profit Rises - Quick Facts

(RTTNews) - Fiserv, Inc. (FISV), a global provider of financial services technology solutions, reported that its fourth-quarter net income increased year-over-year to $221 million or $0.84 per share, from $179 million or $0.66 per share. GAAP earnings per share from continuing operations was $0.84 compared to $0.58, previous year.

The company's fourth-quarter earnings per share from continuing operations included a $0.21 per share gain on the partial divestiture of a business from StoneRiver Group, L.P., a joint venture in which the company owns a 49% interest. Adjusted earnings per share from continuing operations was $0.79, which excludes the StoneRiver gain.

On average, 18 analysts polled by Thomson Reuters expected the company to report profit per share of $0.81 for the quarter. Analysts' estimates typically exclude special items.

GAAP revenue was $1.26 billion, compared to $1.15 billion, a year ago. Adjusted revenue was $1.19 billion, compared to $1.07 billion, last year, an increase of 10 percent. Analysts expected revenue of $1.28 billion for the quarter. Fiserv expects its 2014 adjusted revenue growth in a range of 4 to 5 percent, and adjusted internal revenue growth of 4 to 4.5 percent. The company expects 2014 adjusted earnings per share in a range of $3.28 to $3.37. Analysts expect the company to report fiscal 2014 earnings per share of $3.34.