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Fiserv (NASDAQ:FISV) Posts Earnings Results
['Danessa Lincoln']
Markets Daily
Fiserv (NASDAQ:FISV – Get Free Report) posted its quarterly earnings data on Thursday.
Second-quarter results showed pressure across the business, with total adjusted revenue down 4%, Merchant Solutions operating income down 14%, and Financial Solutions operating income down 27%.
Financial Solutions revenue declined 8%, primarily because of unfavorable comparisons to higher non-recurring revenue in the prior year.
Fiserv Price PerformanceShares of NASDAQ FISV opened at $54.11 on Friday.
Positive Sentiment: UW Credit Union selected Fiserv’s DNA core-processing platform, expanding an existing relationship and providing a new customer win for Fiserv’s Financial Solutions business.