Fiserv Inc FISV is trading lower Tuesday morning despite announcing better-than-expected fourth-quarter financial results.
Fiserv reported quarterly revenue of $4.26 billion, which beat the $4.03 billion estimate, representing 11% growth year-over-year. The company reported quarterly earnings of $1.57 per share, which beat the estimate of $1.56 per share.
"For 2021, Fiserv had another successful year of delivering on our growth agenda - attaining the high end of our original organic revenue growth outlook and coming in well above our original adjusted EPS outlook, all while investing in the business to fuel further growth as we innovate to provide value for our clients," said Frank Bisignano, president and CEO of Fiserv.
Fiserv shares may be facing selling pressure after the company guided for slowing revenue growth. The company said it expects organic revenue growth of 7% to 9% for 2022.
Fiserv also expects 2022 adjusted earnings to be in a range of $6.40 to $6.55 per share.
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FISV Price Action: Fiserv has traded as low as $92.06 and as high as $127.34 over a 52-week period.
The stock was down 5.1% at $100.49 at time of publication.
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