Fintech Firm Fiserv's Q2 Earnings: Revenue Surge Beats Expectations, Hikes Annual Outlook
Portfolio Pulse from Anusuya Lahiri
Fiserv, Inc. (NYSE: FI) reported strong Q2 earnings, with revenue and adjusted EPS beating analyst expectations. The company raised its annual outlook, citing significant growth in Merchant and Financial Solutions. The stock price has gained over 21% in the last 12 months and is currently trading above its 200-day moving average.
July 24, 2024 | 5:04 pm
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Fiserv reported strong Q2 earnings, with revenue and adjusted EPS beating expectations. The company raised its annual outlook, driven by significant growth in Merchant and Financial Solutions. The stock price has gained over 21% in the last 12 months and is trading above its 200-day moving average.
Fiserv's strong Q2 earnings report, with revenue and adjusted EPS beating expectations, along with a raised annual outlook, is likely to positively impact the stock price in the short term. The significant growth in Merchant and Financial Solutions segments and the stock trading above its 200-day moving average further support a bullish outlook.
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