WASHINGTON (AP) — Fiserv shares careened to their lowest level in more than five years Wednesday after the fintech payment company badly missed Wall Street's profit targets, lowered its forecast and announced a shake-up in leadership.

The company, which owns the point-of-sale business management platform Clover, cut its full-year revenue growth outlook to between 3.5% and 4%, down from the 10% it projected just three months ago. The company now expects 2025 profit-per-share to come in between $8.50 and $8.60 per share, down from previous guidance of $10.15 to $10.30 per share.

In its third-quarter results released Wednesday, Fiserv posted earnings of $2.04 per share, well below the $2.64 analysts targeted. Revenue of $4.9 billion missed Wall Street forecasts by 8%.

Fiserv shares tumbled

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