Actionable news
All posts from Actionable news
Actionable news in V: VISA Inc,

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.


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...