Investing.com - Fiserv reported on Wednesday second quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Fiserv announced earnings per share of $0.93 on revenue of $3.47B. Analysts polled by Investing.com anticipated EPS of $0.93 on revenue of $3.32B.
Fiserv shares are down 15% from the beginning of the year , still down 21.55% from its 52 week high of $125.05 set on Tuesday, February 4, 2020. They are under-performing the Nasdaq which is up 22.58% year to date.
Fiserv follows other major Technology sector earnings this month
Fiserv's report follows an earnings beat by Apple on Thursday, July 30, 2020, who reported EPS of $2.58 on revenue of $59.69B, compared to forecasts EPS of $2.05 on revenue of $52.24B.
Microsoft had beat expectations on Wednesday, July 22, 2020 with fourth quarter EPS of $1.46 on revenue of $38.03B, compared to forecast for EPS of $1.34 on revenue of $36.54B.
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