11:22 AM EDT, 04/23/2024 (MT Newswires) -- (Updates with share price movement in the headline and first paragraph)

Fiserv ( FI ) shares were up 4.2% in recent trading on Tuesday after its Q1 earnings and revenue exceeded consensus and the company increased 2024 guidance.

The payments company reported Q1 adjusted earnings earlier in the day of $1.88 per diluted share, up from $1.58 a year earlier.

Analysts polled by Capital IQ expected $1.79.

Revenue for the quarter ended March 31 was $4.88 billion, up from $4.55 billion a year earlier.

Analysts surveyed by Capital IQ expected $4.58 billion.

The company said it now expects 2024 adjusted EPS to be $8.60 to $8.75. That compares with its previous outlook of $8.55 to $8.70. Analysts polled by Capital IQ are expecting $8.63.

Price: 154.97, Change: +6.17, Percent Change: +4.15