Visa Earnings: These Results were Uninspiring
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 slightly, however, decreasing 0.2% after the bell.
Visa, Inc. Earnings Cheat Sheet
Results: Net income increased 26.34% to $1.3 billion ($1.82 per diluted share) in the quarter versus a net gain of $1.03 billion in the year-earlier quarter.
Revenue: Rose 11.9% to $2.85 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Visa, Inc. reported adjusted net income of $1.82 per share. By that measure, the company beat the mean analyst estimate of $1.79. It beat the average revenue estimate of $2.82 billion.
Key Stats (on next page)…
Revenue increased 4.36% from $2.73 billion in the previous quarter. Net income decreased 21.78% from $1.66 billion in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.8 to a profit $1.81. For the current year, the average estimate has moved up from a profit of $7.23 to a profit of $7.27 over the last ninety days.
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(Company fundamentals provided by Xignite Financials.)