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Fiserv Cuts Annual Earnings Forecast as Merchant Arm Growth Slows, Shares Plummet 43%
Fiserv cutsannual revenue forecast as merchant arm growth slows, shares slumpOct 29 - Fiserv FI.N lowered its annual revenue forecast for the second consecutive quarter on Wednesday, as the payments firm grapples with slowing growth in its merchant business.Shares of the Milwaukee, Wisconsin-based company plunged 27% in premarket trading. The stock has fallen nearly 39% this year as of last close.