=First Data (FDC) to be acquired by Fiserv Inc. (FISV) for approx. $22.74/share

• update Jul-29-19 Fiserv, First Data complete $22B merger

Fiserv Inc. (FISV) said Wednesday it has reached an agreement to acquire First Data Corp. (FDC) in an all-stock deal with an equity value of $22 billion that will create a company will a strong footing in payment systems and fintech.

Fiserv will pay 0.303 Fiserv shares for each First Data share owned, equal to $22.74, or a 29% premium over the five-day volume weighted average price as of Jan. 15. Fiserv shareholders will own 57.5% of the combined entity, while First Data shareholders will own the remaining 42.5%. The deal is expected to boost adjusted per-share earnings by more than 20% in the first full year after close. It is expected to generate at least $500 million of revenue synergies over a five-year period and to create $900 million of run-rate cost synergy savings, mostly due to the elimination of corporate structures. The deal is expected to close in the first half. The combination "will offer leading technology capabilities that enable a range of payments and financial services, including account processing and digital banking solutions; card issuer processing and network services; e-commerce; integrated payments; and the Clover(TM) cloud-based point-of-sale solution," the companies said in a statement. Fiserv shares fell about 8% premarket on the news, while First Data shares soared 16.9%.

=First Data (FDC) reported earnings on Mon 29 Oct 2018 (b/o)

First Data misses by $0.02, misses on revs; lowers FY18 EPS outlook, reaffirms organic constant currency segment revenue growth guidance 

• Reports Q3 (Sep) earnings of $0.35 per share, excluding non-recurring items, $0.02 worse than the S&P Capital IQ Consensus of $0.37; revenues rose 4.4% year/year to $2.16 bln vs the $2.22 bln S&P Capital IQ Consensus.
• Co lowers guidancefor FY18, sees EPS of $1.38-1.40 (Prior $1.42-1.47), excluding non-recurring items, vs. $1.45 S&P Capital IQ Consensus.
  • The revision to the EPS guidance primarily reflects the negative impacts associated with certain significant and recent foreign currency movements, and a modest dilutive impact from recently closed divestitures. This current guidance includes an estimated year-over-year adverse impact from foreign currency movements on reported segment EBITDA of approximately $60 million in the second half of 2018 (which was approximately flat in the first half of 2018).
• Organic constant currency segment revenue growth guidance remains unchanged at 5% to 6%. Reported constant currency segment revenue growth was revised to 6.3% to 7.3%, strictly to reflect the impact of divestitures completed in the third quarter of 2018 -- this compares to previously disclosed reported constant currency segment revenue growth guidance of 7% to 8%.

Earnings this week : Oct 29 - Nov 2, 18 (wk 44)

Headlining earnings this week will be Facebook (FB) on Tuesday and Apple (AAPL) on Thursday. Other notable earnings reports include General Electric (GE), Pfizer (PFE), and Coca-Cola (KO) on Tuesday, General Motors (GM) on Wednesday, Starbucks (SBUX) on Thursday, and Alibaba (BABA) on Friday.

Monday (Oct 29) 

• Morning: FDC YNDX BAH ON AMG CDAY RAMP WFT
• Afternoon:   AEIS AKAM ALSN AMED AMKR APPF APTI ARE AVB AXGN BLKB BRX CACC CBL CGNX CHE CHGG CLR CYH EFII EGHT EHC ELVT EPR ESV FCPT FET FTSI HIIQ HLIT HTLF INST KAI KBR KLAC KNL MDLZ MEDP NLS OFIX OGS OLN PI QGEN QTNA QTS RE RIG RMBS SANM SCI SSD TCO TKR TNET TREX TXRH UDR VNO VNOM VRNS WCN WING

Tuesday (Oct 30)

• Morning:  CHK + ACCO AER AET AGCO AGN AMRC AMT AN AOS ARII ARNC ARRY AWI BHGE BKI BP BPMC BTU CEQP CIGI CMCO CMI CNX CNXM CTSH CVLT EAT ECL ERJ ETN EXP FCAU FDP FIS FLIR FLOW FMS FUN GE GPN GWR HCA HEP HMC HUN HZO I INCY IPGP IPI KEM KO LL LYB MA MAS MSM NEO NTLA OXSQ PEG PFE SABR SHOO SNE SQNS SSTK ST TECH TPR TRS UAA VMC VNTR VSH WAB WCG WDR WELL WH WLH XYL
• Afternoon: ACGL AEGN AFG AINV AMGN APAM APC BAND BEAT BGS BHE BIDU BJRI BXP CAI CAKE CHRW CLVS CONE CRAY CW CXO DDD DENN EA EBAY EIX EVTC EXAS EXR FB FEYE FLT GNW H HABT HCLP HLF HURN HVT HY INN IQ IRTC LNTH MDR MGM MGRC MOBL MOD MRCY MX MXIM MXL NANO NBR NCR NGHC NTRI NUVA NXGN OI OKE ORBC OSPN PAYC PDM PSA QLYS QNST QUAD RBBN REXR RNR RPAI RRD RXN SF SFLY SIMO SKYW SPWR SSW TCS TENB TMUS TTMI TX ULTI VOYA VRSK WES WGP WIRE WLL WNC XLRN YUMC ZEN

Wednesday (Oct 31)

• Morning: ACOR ADP AEE AIT ANTM APO APTV ARCC AUO BAX BCOR BDC BG CAMT CBZ CDW CG CIM CLH CLX CRTO CVE DBD DIN EGL EL EPD ETR GM GNC GRMN HCP HES HFC HSC IART ICE ICPT IGT K KFRC LFUS LIVN MAXR NEWM OMI ORBK PBF PBFX RDC RDN S SAIA SC SITE SNY SPAR SPR STNG TAP TEL THR TMHC UTHR WD WEC WEX YUM    
• Afternoon: ADSW AGI AIG ALL AMGP AMN APA AR ATH AWK AXTI BLDP CACI CDE CF CLI CMP CNO CRY ENSG ESRT ESRX FARO FISV FIT FORM FOXF FRAC FRT HBM HCC HGV HPR JBT KIDS KRG KW LHCG LSI MAA MAC MASI MDU MOH MRC MTDR MUSA MYRG NE NEXA NFX NLY NPO NXPI O OMF OTEX PKI PPC PRAH QRVO RGLD RGR RPT RYN SOI SSNC STAY STMP SU THG TS TUSK TYL WHD WMB WPX WTI XPO ZNGA

Thursday (Nov 1)

• Morning: ECA   AAON AAWW ABMD AGIO ALE AMAG AMCX AME AMRN ARES AROC ARW AVP AYR BCE BID BLL BMCH BSIG CBRE CCOI CEIX CHD CHSP CI CJ CNQ CNSL CRAI CWT D DM DNOW DWDP EEX EGRX EPAM EXC EXLS FBM FLWS FND GEL GIL GLOG GLPI GNRC GOLF HBI HPP IBP ICL IDA IDCC IDXX IIVI INAP INGR INXN IPHS IT ITGR JHG LCII LITE LXRX MD MDC MGP MGPI MIXT MMP MPC MPW MSCI MSG MT NBL NI NSP NTCT NVMI NYT OSK PAH PBH PBI PENN PH PPL PRFT PWR RDS.A ROCK SEE SFM SHPG SN SNDR SNR SPOT SSYS STFC STOR TEVA TFX THS TPX TREE TRP TVPT UFS USCR USPH VECO VSAT VSTO W WCC WRLD WYND YRCW ZTS 
• Afternoon: AAPL ACIA ACLS AGI AIRG AIV ALEX AMH ANET AOSL APPN ARCB ATGE ATHN ATR ATRC ATSG BCOV BFAM BIO BL BLDR BNFT BRKR BVX CARB CATM CBPO CBS CC CCRN CECO CERS CHEF CPS CPSI CRC CRUS CTRL CWST CZR DEI DHT EBS ECOL ED EEP EGOV ELGX EOG EQIX ERII ES EXEL FATE FICO FLR FTAI FTNT GPRO GSAT GSBD GTE HR HST HTGC ICFI IMMR IPHI KAMN KHC KTWO KWR LADR LHO LNC LOCO LYV MDRX MELI MET MITK MSI MTX OLED P PACB PBA PBYI PCTY PE PEB PETX PK PMT PODD RMAX ROG RP RTEC RTRX RYI SBUX SEDG SEM SHAK SHLX SKT SM SPXC SRCL SRG STAG SYMC TDC TDOC TEX TNDM TRMB TRQ TSRO TTOO UNIT USX VIAV VICI WIFI WTW WU X Y 

Friday (Nov 2)

• Morning:  ABBV ABR ASIX AXL BABA BPL CBOE CCJ CNK COL CVX DOC DUK EAF ENB EXTR FTS HMSY HRC IMGN IMO ITT MDP MOG.A MSGN NPTN NWL RLGY ROLL RUTH STX TDS TGH TRTN TWI TYPE USM VG VIRT VST WLTW WPC XOM

-=First Data (FDC) reported earnings on Mon 30 Apr 2018 (b/o)

ATLANTA (AP) _ First Data Corp. (FDC) on Monday reported first-quarter net income of $101 million.

On a per-share basis, the Atlanta-based company said it had net income of 11 cents. Earnings, adjusted for one-time gains and costs, were 29 cents per share.

The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

The electronic commerce and payment services provider posted revenue of $2.28 billion in the period. Its adjusted revenue was $2.08 billion, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $1.9 billion.

First Data expects full-year earnings in the range of $1.42 to $1.47 per share.

First Data shares have fallen almost 9 percent since the beginning of the year. The stock has decreased slightly more than 2 percent in the last 12 months.

=First Data (FDC) reported earnings on Mon 8 May 2017 (b/o)

ATLANTA (AP) _ First Data Corp. (FDC) on Monday reported first-quarter net income of $36 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Atlanta-based company said it had net income of 4 cents. Earnings, adjusted for one-time gains and costs, were 28 cents per share.

The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The electronic commerce and payment services provider posted revenue of $2.8 billion in the period. Its adjusted revenue was $1.73 billion, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $1.71 billion.

First Data shares have risen 13 percent since the beginning of the year. The stock has climbed 49 percent in the last 12 months.

=First Data (FDC) reported earnings on Mon 13 Feb 2017 (b/o)

First Data beats by $0.03, misses on revs :

• Reports Q4 (Dec) earnings of $0.39 per share, $0.03 better than the Capital IQ Consensus of $0.36; revenues fell 0.7% year/year to $2.94 bln vs the $3.01 bln Capital IQ Consensus.
  • Total segment revenue was $1.8 billion for the quarter, flat over the prior year period, or up 3% excluding the impacts from currency and divestiture of the Australian ATM business that occurred in the third quarter of 2016.
• Total segment earnings before interest, taxes, depreciation, and amortization (total segment EBITDA) in the fourth quarter 2016 was $771 million, up 1% versus the prior year period, or up 4% excluding impacts from currency and the Australian ATM divestiture, driven by revenue growth and expense management. Total segment EBITDA margin improved 50 basis points to 42.1% in the quarter.
• Total borrowings at December 31, 2016 were reduced to $18.5 billion, from $18.9 billion at September 30, 2016 and $19.6 billion at year end 2015. Net debt at December 31, 2016 was reduced to $18.2 billion, from $18.5 billion at September 30, 2016 and $19.3 billion at year end 2015.

-=First Data (FDC) reported earnings on Mon 1 Aug 2016 (b/o)

First Data beats by $0.01, reports revs in-line :

• Reports Q2 (Jun) earnings of $0.35 per share, $0.01 better than the Capital IQ Consensus of $0.34; revenues rose 1.9% year/year to $2.93 bln vs the $2.96 bln Capital IQ Consensus.
• "This quarter's results were highlighted by net income growth, healthy margin expansion and strong cash flow generation. We saw impressive growth in Global Financial Solutions and in Latin America, and continued client momentum in the enterprise space."