Fiserv Inc. Q1 adjusted earnings Beat Estimates

(RTTNews) - Fiserv Inc. (FISV) released earnings for first quarter that dropped from the same period last year.

The company's earnings came in at $225 million, or $0.56 per share. This compares with $423 million, or $1.00 per share, in last year's first quarter.

Excluding items, Fiserv Inc. reported adjusted earnings of $337 million or $0.84 per share for the period.

Analysts had expected the company to earn $0.82 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.2% to $1.50 billion from $1.44 billion last year.

Fiserv Inc. earnings at a glance:

-Earnings (Q1): $337 Mln. vs. $315 Mln. last year. -EPS (Q1): $0.84 vs. $0.75 last year. -Analysts Estimate: $0.82 -Revenue (Q1): $1.50 Bln vs. $1.44 Bln last year.

-Guidance: Full year EPS guidance: $3.39 - $3.52