TheStreet

Shares of Fiserv (FISV - Get Report) on Friday surged after the financial-technology provider reported stronger-than-expected adjusted second-quarter profit.

The shares closed 6.2% higher at $102.30.

Net income was 56 cents a share compared with 60 cents in the year-earlier period. The reported second-quarter earnings included 10 cents a share of costs from Fiserv's pending acquisition of First Data (FDC - Get Report) .

Adjusted profit was 82 cents against 75 cents. Revenue advanced 6.5% to $1.51 billion.

A survey of analysts by FactSet produced consensus estimates of 81 cents a share of profit on $1.51 billion.

Fiserv disclosed the $22 billion all-stock deal for First Data in January and expects to close it July 29.

For the full year, Fiserv expects adjusted earnings of $3.39 to $3.52 a share. FactSet's survey is looking for $3.86.

Fiserv, Brookfield, Wis., provides payment, payment-processing, compliance-assurance, anti-fraud and other technologies to banks and financial-services companies.