Why Fiserv Stock Is Gaining Today

(NYSE: FI) stock is gaining ground Tuesday following the company's third-quarter earnings release. The company's share price was up 3.8% as of 1:45 p.m. ET, according to data from S&P Global Market Intelligence.

Fiserv published Q3 results before the market opened this morning, delivering sales and earnings for the period that came in ahead of the market's expectations. The fintech specialist posted non-GAAP (adjusted) earnings per share of $1.96 on revenue of $0.87 billion, beating the average analyst estimate's earnings target by $0.03 per share and its sales target by $270 million.

Fiserv's revenue climbed 7.7% year over year in Q2. Meanwhile, earnings per share were up 108% compared to the prior-year period.

Source Fool.com