Fiserv Rockets After Earnings Beat, Asbury Automotive Falls Short
- October 24th, 2023
- 706 views
Fiserv, Inc. (NYSE: FI), a financial technology and payment solutions provider, posted third-quarter 2023 adjusted earnings of $1.96 per share, surpassing the consensus EPS estimate of $1.93. The company reported quarterly revenue of $4.87 billion, exceeding analysts' revenue expectations of $4.61 billion.
Fiserv is raising its full-year 2023 outlook and now expects EPS to be in a range of $7.47 to $7.52, compared to the consensus EPS estimate of $7.44 for the period.
$FI was trading at $114.90 in pre-market, up $5.29 (+4.83%).
In other news, Asbury Automotive Group, Inc. (NYSE: ABG), an automotive retail and service company, reported third-quarter 2023 adjusted earnings of $8.12 per share, falling short of the consensus EPS estimate of $8.44. The company reported quarterly sales of $3.67 billion, below analysts' revenue expectations of $3.77 billion.
In pre-market, $ABG was trading at $195.00, down $4.16 (-2.09%).
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