Jim Cramer Discusses Fiserv (FI)’s Merchant Solutions Business

Company Overview - Fiserv, Inc. (NYSE:FI) is a financial technology company that provides payment, security, debit card processing, and other services to merchants [2]. Earnings Report - Fiserv reported $4.92 billion in revenue and $2.04 adjusted earnings, which missed analyst estimates [2]. - Following the earnings report, Fiserv's shares plummeted by 44% [2]. - The company reduced its full-year guidance from $10.15 to $10.30 to $8.50 to $8.60 [2]. - Revenue growth guidance was slashed from 10% to a range of 3.5% to 4% [2]. Market Reaction - Investors were particularly concerned about the reduced guidance and the performance of the merchant solutions sector, which may have been impacted by weak retail conditions [3].