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Visa (V) Posts Earnings Beat, Payments Volume Growth Up 47%
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Visa Inc. (V - Free Report) just released is fourth quarter fiscal 2016 financial results, posting adjusted earnings of 78 cents per share and revenue of $4.3 billion. V is a Zacks Rank #3 (hold), and is down 0.93% to $82.49 per share in after-hours trading shortly after its earnings report was released.
Beat earnings estimates. The company reported earnings of 78 cents per share, beating the Zacks Consensus Estimate of 73 cents per share. This number excludes a penny from non-recurring items.
Beat revenue estimates. The company saw revenue figures of $4.3 billion, surpassing our consensus estimate of $4.241 billion and increasing 19% year-over-year. This was driven by the inclusion of Europe and continued growth in payments volume and processed transactions.
Visa reported total processed transactions, which represent transactions processed by Visa (including Visa Europe), of 25.9 billion, a 41% increase over the prior year.
The company saw payments volume growth, including Visa Europe and on a constant dollar basis, of 47% over the prior year at $1.9 trillion.
“As we enter fiscal 2017, we are positioned well as revenue headwinds will continue to ease, we will continue to see the benefits from Visa Europe in our results, and our strong client franchise continues to grow,” said CEO Charlie Scharf.
Here’s a graph that looks at Visa’s price, consensus, and EPS surprise:
VISA operates the world's largest retail electronic payments network and is one of the most recognized global financial services brands. Visa facilitates global commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses and government entities.
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Visa (V) Posts Earnings Beat, Payments Volume Growth Up 47%
Visa Inc. (V - Free Report) just released is fourth quarter fiscal 2016 financial results, posting adjusted earnings of 78 cents per share and revenue of $4.3 billion. V is a Zacks Rank #3 (hold), and is down 0.93% to $82.49 per share in after-hours trading shortly after its earnings report was released.
Beat earnings estimates. The company reported earnings of 78 cents per share, beating the Zacks Consensus Estimate of 73 cents per share. This number excludes a penny from non-recurring items.
Beat revenue estimates. The company saw revenue figures of $4.3 billion, surpassing our consensus estimate of $4.241 billion and increasing 19% year-over-year. This was driven by the inclusion of Europe and continued growth in payments volume and processed transactions.
Visa reported total processed transactions, which represent transactions processed by Visa (including Visa Europe), of 25.9 billion, a 41% increase over the prior year.
The company saw payments volume growth, including Visa Europe and on a constant dollar basis, of 47% over the prior year at $1.9 trillion.
“As we enter fiscal 2017, we are positioned well as revenue headwinds will continue to ease, we will continue to see the benefits from Visa Europe in our results, and our strong client franchise continues to grow,” said CEO Charlie Scharf.
Here’s a graph that looks at Visa’s price, consensus, and EPS surprise:
VISA INC-A Price, Consensus and EPS Surprise
VISA INC-A Price, Consensus and EPS Surprise | VISA INC-A Quote
VISA operates the world's largest retail electronic payments network and is one of the most recognized global financial services brands. Visa facilitates global commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses and government entities.
Stocks that Aren't in the News…Yet
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now>>