BROOKFIELD, Wis.—Fiserv Inc., which provides information management systems and services, on Wednesday reduced its 2008 forecast below Wall Street expectations.
The company said it now expects adjusted earnings from continuing operations of $3.28 to $3.40, down from its prior view of a profit of between $3.33 and $3.47.
Analysts polled by Thomson Financial expect the company to earn $3.41 per share, with sales of $5.11 billion.
Fiserv cited the revised terms of its contract with Bank of America for the move.
Shares of Fiserv lost 1 cent to $50.54 in aftermarket trading, after closing the regular session down 81 cents at $50.55.
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