Fiserv stock craters 44% for worst day ever after company slashes guidance
Summary
Fiserv shares dropped sharply after the company cut its full-year earnings and revenue outlook. Management said weaker conditions in Argentina hurt growth and margins, and quarterly results missed analyst expectations. The company also announced several leadership and board changes, including a new co-president and a new finance chief. Fiserv will move its listing from the NYSE to Nasdaq next month as part of its broader action plan to improve execution and growth.
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Fintech & Banking
applications
Web and Content Management
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Fintech Software
Payment Processing Software
Point of Sale (POS) Software
