Fiserv Shares Plunge 47% After Shock Earnings Miss Baffles Wall Street
0:55
MSNBenzinga
Fiserv Shares Plunge 47% After Shock Earnings Miss Baffles Wall Street
Fiserv shares plunged 47% after a severe Q3 earnings miss and reduced full-year outlook shocked analysts. The company’s margins fell sharply as revenue in its financial-solutions unit dropped 3%. Analysts called the results “impossible to sugarcoat,” with mounting concerns over the competitiveness of its Clover business.
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