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Visa Earnings: V Stock Surges on Q4 EPS Beat
The credit card operator said that for its fourth quarter of its fiscal 2018, it brought in adjusted earnings of $1.30 per share, which was stronger than the $1.25 per share that analysts were calling for, according to data compiled by Zacks Investment Research. The company added that its revenue for the period surged to $5.51 billion, topping the $5.4 billion that Wall Street forecasted.
Visa said that its service revenue for the quarter was 9% higher than it was during the year-ago quarter, reaching $2.3 billion. Its data processing revenue surged 15% year-over-year to $2.5 billion, while the company’s international transaction revenue popped 11% to $1.9 billion.
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https://finance.yahoo.com/news/visa-earn...ccounter=1
The credit card operator said that for its fourth quarter of its fiscal 2018, it brought in adjusted earnings of $1.30 per share, which was stronger than the $1.25 per share that analysts were calling for, according to data compiled by Zacks Investment Research. The company added that its revenue for the period surged to $5.51 billion, topping the $5.4 billion that Wall Street forecasted.
Visa said that its service revenue for the quarter was 9% higher than it was during the year-ago quarter, reaching $2.3 billion. Its data processing revenue surged 15% year-over-year to $2.5 billion, while the company’s international transaction revenue popped 11% to $1.9 billion.
...
https://finance.yahoo.com/news/visa-earn...ccounter=1
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