V
VISA Inc
91.22
-0.41%
91.22
-0.41%
73.25 92.80
52 weeks
52 weeks

Mkt Cap 169.49B

Shares Out 1.86B

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Visa (V) Rallies on Q2 Earnings and Revenue Beat

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Visa Inc. V just released its financial results for the second quarter of 2017, posting earnings of $0.86 earnings per share and revenues of $4.5 billion. Currently, Visa is a Zacks Rank #2 (Buy), and is up 2.75% to $93.65 per share in trading shortly after its earnings report was released.

Beat earnings estimates . The company posted earnings of 86 cents per share, beating the Zacks Consensus Estimate of 79 cents earnings per share. This number excludes 68 cents from non-recurring items.

Beat revenue estimates . The company saw revenue figures of $4.5 billion, topping our consensus estimate of $4.2 billion.

For Q2, Visa saw substantial growth across the board. Total processed transactions grew 42% year-over-year to 26.3 billion. Moreover, the company noted a 12% increase total process transaction growth in Europe compared to last year. The payment technology company's net income also grew 27% from a...


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  • 39 39 correctly predicted forecasts
    Max Grigoryev
    Visa in a beast mode: fintech industry is growing, Visa is catching up
    Reply
    1
  • 25 25 correctly predicted forecasts
    Long/Short Investments
    Max, Stock up over 8x since March 2009 compared to 3.4x for SPY 👍
    Reply
    0
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