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Fiserv Takes $6. 45B Charge as Margins Shrink: Rapid Earnings Reaction

Fiserv (NASDAQ: FISV) booked a $6. 45 billion non-cash goodwill write-down, which turned third-quarter GAAP earnings into a loss of $11. 17 per share. Shares rose about 10% in pre-market trading. Behind the charge, organic revenue was flat and adjusted earnings fell to $1. 75 from $2. 04, so profit is shrinking faster than revenue.

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