Why Fiserv Stock Is Sinking Today
Fiserv's stock price fell 9.5% after the company reported Q1 earnings that beat expectations but sales that missed expectations. Fiserv's revenue was down 2.3% year over year, and investors are worried about the company's growth outlook.
Fiserv's stock price dropped 9.5% on Tuesday despite the company beating Wall Street's earnings target for the first quarter. The company's non-GAAP earnings per share were $1.79, topping the average analyst estimate by $0.21 per share. However, sales for the period came in at $4.68 billion, $50 million lower than expected. Fiserv's revenue was down 2.3% year over year. The company reiterated its previously issued guidance for 2026, expecting organic growth between 1% and 3%. Adjusted earnings per share are projected to be between $8 per share and $8.30 per share.
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