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Visa Lukewarm on 2016 Outlook, Will Acquire Visa Europe for $23 Billion

Visa Inc. (NYSE: V) reported fourth-quarter and full-year fiscal 2015 results before markets opened on Monday. For the quarter, the credit card issuer posted quarterly diluted earnings per share (EPS) of $0.62 and revenues of $3.57 billion. In the fourth quarter of 2014, Visa reported adjusted EPS of $0.54 on revenues of $3.23 billion. Thomson Reuters had estimates for EPS of $0.63 and $3.57 billion in revenue.

For the full year, Visa posted adjusted EPS of $2.62 on revenues of $13.88 billion, compared with 2014 adjusted EPS of $2.27 on revenues of $12.7 billion. Analysts were looking for EPS of $2.62 on sales of $13.88 billion.

In the company’s outlook for its 2016 fiscal year, Visa guided revenue growth to a range of high single-digits to low double-digits on a constant...


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