By WSJ Staff

Shares in Fiserv tumbled more than 40% after the payments company missed earnings forecasts, cut its outlook and named a new finance chief.

Analysts at BTIG called the earnings report "shockingly bad."

"Sentiment was already bad before today," they wrote, but the weak results and guidance "will only make investor appetite more challenged."

-- The stock recently stood 42% lower, on pace for its lowest close since January 2019, according to Dow Jones Market Data.

-- The stock hasn't ever suffered such a large drop in percentage terms before, based on data going back to 1986.

-- For the most-recent quarter, Fiserv reported adjusted earnings of $2.04 a share, missing the consensus analyst forecast by about 23%.

-- Fiserv made a double-digit cut to its full-year guidance for this measure, to between $8.50 and $8.60 a share.

The company also said Paul Todd would become finance chief, effective Friday, and named two co-presidents.

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(END) Dow Jones Newswires

October 29, 2025 10:40 ET (14:40 GMT)

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