Visitors Now:
Total Visits:
Total Stories:
Profile image
By ETF Daily News (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Visa Inc Q4 Results Surge as Payments Volume Hits $1.9 trillion

Monday, October 24, 2016 14:49
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Visa logoCredit card issuer Visa Inc (NYSE:V) late today posted better-than-expected fiscal Q4 earnings results, as revenue soared due to the inclusion of Visa Europe.

The San Francisco-based company reported fiscal Q4 EPS of $0.78, above Wall Street’s view of $0.73. Revenues surged 19.3% from last year to $4.26 billion, also topping estimates of $4.24 billion.

Payments volume growth rose 10% from the year-ago period to $1.3 trillion. When including Visa Europe, volume growth jumped 47% to $1.9 trillion.

Looking ahead, Visa forecast 2017 revenue growth of 16% to 18% with operating margins in the mid 60% range.

The company commented via press release:

“We continue to deliver healthy earnings growth in the face of continued, but abating headwinds. We have begun to see the benefits from our acquisition of Visa Europe and strong cost discipline helped our results. At the same time, we are unwavering in our commitment to invest in client partnership opportunities and the further build out of our digital payments capabilities,” said Charlie Scharf, Chief Executive Officer of Visa Inc.

Visa shares fell $1.02 (-1.23%) to $82.15 in after-hours trading. Prior to today’s report, V had gained 7.29% year-to-date.

V-2016-10-24

You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (www.etfdailynews.com)

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.