Fiserv Shares Up 4% on Q2 Beat & Raise
<p><a href='https://financialmodelingprep.com/financial-summary/FISV'>Fiserv, Inc. (NASDAQ:FISV)</a> shares rose more than 4% on Tuesday following the company’s reported Q2 results, with EPS of $1.56 coming in line with the Street estimate and revenue of $4.25 billion beating the Street estimate of $4.07 billion.</p>
<p>The results were driven by outperformance in Merchant Acceptance, where the Clover and Carat platforms continue to drive growth. However, inflation and continued investments across the business resulted in adjusted operating margins coming in below expectations and the company lowered its expectations for 2022 margin expansion. </p>
<p>However, despite mounting macro concerns, the company raised its 2022 revenue growth guidance to approximately 9-11% organic (vs. 7-9% prior) and EPS growth to approximately 16-17% (vs. 15-17% prior) with the low end of guidance assuming a macro slowdown in H2/22.  The company expects 2022 EPS to be in the range of $6.45-$6.55, compared to the Street estimate of $6.47.</p>

NASDAQ:FISV