Why Fiserv Stock Is Plummeting Today

Core Insights - Fiserv's stock experienced a significant decline of 43.8% following a disappointing quarterly report, with the market reacting negatively to the company's underperformance [1][3]. Financial Performance - For Q3, Fiserv reported non-GAAP earnings per share of $2.04 on revenues of $4.92 billion, which fell short of Wall Street expectations of $2.65 EPS and $5.35 billion in revenue [3]. - Revenue growth was minimal at 0.8% year-over-year, while adjusted operating income decreased by 7% to $1.8 billion [3]. Future Outlook - The company revised its full-year forecasts, now expecting organic revenue growth between 3.5% and 4%, down from a previous estimate of approximately 10% [4]. - Adjusted earnings per share are now projected to be between $8.50 and $8.60, a decrease from the earlier guidance of $10.15 to $10.30 [4][5]. - This shift indicates a potential year-over-year decline in profits, contrasting with earlier expectations of a 16% growth [5].