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Fiserv, Inc. (FI - Free Report) reported disappointing second-quarter 2023 results, wherein earnings matched the Zacks Consensus Estimate while revenues missed the same.
Adjusted earnings per share (excluding 71 cents from non-recurring items) of $1.81 increased 16% year over year, matching the consensus mark. Adjusted revenues of $4.51 billion missed the consensus estimate by 0.4%, increasing 1.3% year over year.
Organic revenue growth was 10% in the quarter, driven by 14% growth and 9% growth in the Acceptance and Payments segments, respectively.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
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