On April 25, 2023, Fiserv, Inc. ($FISV) announced impressive Q1 results, causing a significant upswing in its stock price. The company exceeded analyst expectations, reporting $1.58 per share and sales of $4.55 billion, beating estimates of $1.57 and $4.19 billion, respectively.
In response to its strong performance, Fiserv raised the bottom end of its 2023 financial guidance, projecting organic revenue growth between 8% and 9%, with an EPS outlook ranging from $7.30 to $7.40. This announcement has led to a surge in investor confidence, with the stock price rising by 6.5% during midday trading on Tuesday.
This marks Fiserv’s most successful day in nearly three years, with the stock on track to achieve its highest single-day percentage gain since April 6, 2020. Analysts have praised Fiserv’s progress on margins and positive growth over the past year, further contributing to investor optimism.
Overall, Fiserv’s impressive Q1 results and raised guidance have positioned the company for future growth, generating excitement among investors and driving its stock price upwards
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