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Visa (V) Q3 Earnings Soar Past Estimates, Shares Higher

Visa V Inc. just reported its third quarter fiscal 2017 financial results, posting earnings of 86 cents per share and revenues of $4.6 billion. Currently, V is a #2 (Buy) on the Zacks Rank, and is up 1.16% to $99.25 per share in trading shortly after its earnings report was released.

Visa:

Beat earnings estimates. The company posted earnings of 86 cents per share, surpassing the Zacks Consensus Estimate of 80 cents per share. GAAP net income was $2.1 billion.

Beat revenue estimates. The company saw revenue figures of $4.6 billion, topping our consensus estimate of $4.36 billion and increasing 26% year-over-year. This was driven by the inclusion of Europe and continued growth in payments volume, cross-border volume, and processed transactions.

Payments volume growth, on a constant dollar basis, grew 38% from the prior year...


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