Fiserv, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2018 and Full Year of 2019
January 16, 2019 at 07:02 am EST
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Fiserv, Inc. provided earnings guidance for the fourth quarter and full year of 2018 and full year of 2019. For the quarter, the company expects to report GAAP revenue of $1.55 billion. GAAP earnings per share from continuing operations is expected to be in the range of $0.71 to $0.72, or a decrease of approximately 43% compared to the prior year period. GAAP income from continuing operations is expected to be in the range of $286 million - $290 million.
For the quarter, the company expects to report GAAP revenue of $5.82 billion. GAAP earnings per share from continuing operations is expected to be in the range of $2.87 to $2.88 for the full year, relatively consistent compared to the prior year. GAAP income from continuing operations is expected to be in the range of $1,187 million - $1,191 million.
The company expects internal revenue growth in a range of 4.5% to 5% in 2019. The company’s outlook for 2019 does not include any impact related to the transaction with First Data Corporation.
Fiserv, Inc. specializes in the development and integration of IT solutions for the financial and insurance sectors. Net sales break down by activity as follows:
- on-line banking and investment support (77.7%): solutions for on-line payment, solutions for placing share orders, paying for securities, managing retirement savings plans, etc.;
- financial management (16.6%): transaction and loan management solutions, data treatment, CRM, hosting solutions of online activities and outsourcing services for financial institutions (banks, leasing companies, real estate lending companies, etc.) and insurance companies;
- other (5.7%).
The United States account for 85% of net sales.