Visa Earnings: Here’s Why Investors are Buying Shares Now
Visa, Inc. (NYSE:V) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 2.38%.
Visa, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 20% to $1.92 in the quarter versus EPS of $1.60 in the year-earlier quarter.
Revenue: Rose 14.74% to $2.96 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Visa, Inc. reported adjusted EPS income of $1.92 per share. By that measure, the company beat the mean analyst estimate of $1.81. It beat the average revenue estimate of $2.85 billion.
Quoting Management: “Visa’s strong financial and operational performance reflects continued momentum across our core business during the fiscal second quarter,” said Charlie Scharf, Chief Executive Officer. “To drive future transaction growth, we continue to invest in new technologies, channels and capabilities to make Visa transactions more valuable, accessible and secure. Looking ahead, we will continue to evolve our business practices to better support clients of all sizes.”
Key Stats (on next page)…