Fiserv’s Massive Earnings Shortfall Baffles Analysts, Sends Stock Tumbling

Fiserv Inc.’s massive earnings shortfall baffled analysts even as it dealt a crushing blow to the company’s shares.

The financial technology giant’s stock plunged a record 47% after the company slashed its outlook for full-year earnings and unveiled third-quarter results that fell short of Wall Street’s mostly rosy expectations. Shares of other payments-related companies also tumbled.