160.33 -0.69 (-0.43%)
After hours: 5:56PM EDT
|Bid||160.33 x 900|
|Ask||160.85 x 800|
|Day's Range||158.55 - 161.60|
|52 Week Range||121.60 - 162.03|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||34.64|
|Forward Dividend & Yield||1.00 (0.64%)|
|1y Target Est||N/A|
On the earnings side, Caterpillar, AT&T and Boeing are among the S&P 500 members reporting before the bell. Here's Myles Udland with everything that will be making headlines on Wednesday, April 24.
Alliance Data (ADS) Q1 results reflect lower revenues from LoyaltyOne and Card Services segment inducing decline in Adjusted EBITDA, despite decrease in expense.
Read the beginning of this article here. Among Lomas Capital Management’s fourth quarter top positions were Alphabet Inc Class C (NASDAQ:GOOG), FOX CORP/SH CL A (NASDAQ:FOXA), and Red Rock Resorts Inc (NASDAQ:RRR). In Alphabet, the fund reported $50.35 million worth a position, on the basis of 48,619 shares outstanding. Over the past 12 months, Alphabet’s […]
Visa Beat Earnings Estimates in Q2(Continued from Prior Part)Visa’s valuation Visa (V) is trading at a forward PE ratio of 27.7x, which is higher than its five-year average PE ratio of 24.5x. The stock has largely been trading at a higher forward
Visa Beat Earnings Estimates in Q2Visa’s results Visa (V) reported its second-quarter earnings after the market closed on April 24. The second quarter of fiscal 2019 ended March 31. The company beat analysts’ EPS estimates for the quarter by
Shares of the company were trading lower after the bell as investors worried over a slide in cross-border volume growth, which measures the value of transactions made on a Visa card outside a customer's home country. The company and its rival Mastercard had recently come under fire for charging high fees on tourist cards in the European Union. The payment processors have now offered to cap the fees to stave off regulatory fines and end an EU antitrust investigation into their practices.
Visa reported slower earnings growth that beat fiscal Q2 estimates after fellow credit card giant American Express reported mixed results earlier this month.
Visa (NYSE:V) reported its quarterly earnings results late on Wednesday and it was a mixed bag in store for the credit card giant as its profit was stronger than what the Wall Street consensus estimate called for and its revenue grew year-over-year, yet it failed to beat expectations, playing a role in sending V stock declining after hours.The Foster City, Calif.-based financial services business said that for its second quarter of its fiscal 2019, it brought in net income of $3 billion, or $1.31 per share, marking a 15.4% increase when compared to the $2.6 million, or $1.11 per share, it brought in during the same period in its fiscal 2018.Visa's profit was stronger than the Wall Street guidance, as analysts who were polled by FactSet saw the business bringing in earnings of $1.24 per share. The company added that its revenue for the last three months of the first half of 2019 arrived at $5.5 billion, roughly 7.8% stronger than the $5.1 billion from the same period in its fiscal 2018.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe company's revenue was in line with what analysts called for, per FactSet. For its fiscal 2019, Visa reaffirmed its forecast, which includes annual net-revenue growth in the low single digits on a nominal basis.V stock is down about 1.4% after the bell Wednesday off the heels of its mixed results. Shares had been dipping a fraction of a percentage during regular trading hours. More From InvestorPlace * 10 Stocks to Sell Before They Give Back 2019 Gains * 7 Tech Stocks With Too Much Risk, Not Enough Upside * 10 High-Yielding Dividend Stocks That Won't Wilt Compare Brokers The post Visa Earnings: V Stock Dips as Q2 Revenue Grows 8%, Meets Guidance appeared first on InvestorPlace.
Visa Inc. shares were up down 1% in after-hours trading Wednesday after the company beat earnings expectations for its fiscal second quarter but reported in-line revenue. The card network posted net income of $3 billion, or $1.31 a share, up from $2.6 million, or $1.11 a share, in the year-earlier period. The FactSet consensus called for $1.24 in earnings per share. Revenue rose to $5.5 billion from $5.1 billion a year earlier and came in roughly in line with the consensus forecast. The company reaffirmed its full-year outlook, which called for annual net-revenue growth in the low single digits on a nominal basis, with roughly 1 percentage point of negative foreign-exchange impact. Shares have gained 22% so far this year, as the Dow Jones Industrial Average has risen 14%.
Key InsightsInvestors keep a close eye on cross-border spending on Visa’s network because such transactions typically carry higher fees. Cross-border spending on the firm’s cards climbed 4 percent in the fiscal second quarter, a decline from the 7 percent growth the firm reported in the previous three months.Amid the slowdown in cross-border spending, overall spending on the firm’s network climbed 3.5 percent to $2.09 trillion, missing the $2.2 trillion average of analysts’ estimates in a Bloomberg survey.
Investment company Pelham Global Financials Ltd buys Worldpay Inc, sells Visa Inc, MSCI Inc, CME Group Inc, PagSeguro Digital, Goldman Sachs Group Inc during the 3-months ended 2019Q1, according to the ...
Investing.com - Visa (NYSE:V) A reported second quarter earnings that Beat analysts' expectations on Wednesday and revenue that topped forecasts.
Visa's (V) fiscal Q2 earnings is likely to be driven by higher revenues, partly offset by increase in client incentives and expenses.