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Earnings Summary: Becton, Dickinson and Company Q1 FY26 adjusted earnings decline 15% 32 minutes ago Earnings Summary: Highlights of Apollo Global Management’s (APO) Q4 FY25 report 1 hour ago Plains All American weakens as NGL divestiture and cost cuts frame muted 2026 growth 4 hours ago Plains All American Streamlines, Targets Crude Growth Amid NGL Exit 4 hours ago Operational Efficiency Powers MGY to Historic Production and Dividend Lift 5 hours ago Johnson Outdoors Hooks 31% Revenue Gain, Operating Loss Narrows 5 hours ago Innovation and E-Commerce at the Core of Johnson Outdoors’ 2026 Roadmap 5 hours ago Encompass Health Corporation reports Q4 2025 results, issues 2026 guidance 3 days ago Graham Corporation Expands Capabilities Across Defense, Energy, and Space Markets 3 days ago Graham Corporation Sees Robust Q3 on Defense Momentum and FlackTek Integration 3 days ago Earnings Summary: Becton, Dickinson and Company Q1 FY26 adjusted earnings decline 15% 32 minutes ago Earnings Summary: Highlights of Apollo Global Management’s (APO) Q4 FY25 report 1 hour ago Plains All American weakens as NGL divestiture and cost cuts frame muted 2026 growth 4 hours ago Plains All American Streamlines, Targets Crude Growth Amid NGL Exit 4 hours ago Operational Efficiency Powers MGY to Historic Production and Dividend Lift 5 hours ago Johnson Outdoors Hooks 31% Revenue Gain, Operating Loss Narrows 5 hours ago Innovation and E-Commerce at the Core of Johnson Outdoors’ 2026 Roadmap 5 hours ago Encompass Health Corporation reports Q4 2025 results, issues 2026 guidance 3 days ago Graham Corporation Expands Capabilities Across Defense, Energy, and Space Markets 3 days ago Graham Corporation Sees Robust Q3 on Defense Momentum and FlackTek Integration 3 days ago
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Visa stock drops despite Q3 results surpassing estimates; lowers earnings guidance

Visa Inc (NYSE: V) surpassed Q3 2019 earnings and revenue estimates. The payment gateway firm reported adjusted EPS of $1.37 on revenue of $5.84 billion. Analysts had predicted the company to earn $1.32 per share on revenue of $5.7 billion. Visa cut down its full-year profit outlook, sending the stock in the downward direction. Shares […]

July 23, 2019 2 min read

Visa Inc (NYSE: V) surpassed Q3 2019 earnings and revenue estimates. The payment gateway firm reported adjusted EPS of $1.37 on revenue of $5.84 billion. Analysts had predicted the company to earn $1.32 per share on revenue of $5.7 billion.

Visa cut down its full-year profit outlook, sending the stock in the downward direction. Shares of Visa, which popped to a new all-time high ($181.84) last Friday, was trading down about 1% in the after-hours.

Visa (V) stock drops despite surpassing Q3 2019 estimates; lowers earnings outlook

Revenue grew 11% to $5.84 billion, driven by continued growth in payments volume, cross-border volume and processed transactions. Payments volume for the three months ended June 30, 2019, grew 9% over the prior year on a constant-dollar basis, while cross-border volume rose 7%. Total processed transactions increased 12% over the prior-year quarter.

Read: Positive momentum likely to continue in Twitter’s Q2 earnings

For the fiscal year 2019, net revenue growth is maintained at low-double digits on a nominal basis. Visa projected class A common stock earnings per share growth to be in low twenties on a GAAP nominal-dollar basis and mid-to-high teens on an adjusted nominal-dollar basis. Last quarter, Visa projected full-year EPS growth to be in the high end of mid-teens on an adjusted nominal-dollar basis.

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Visa won the battle with its competitor Mastercard (NYSE: MA) on acquiring the UK-based Earthpost in May. In June, Visa acquired the token services and ticketing businesses from Rambus (NASDAQ: RMBS) and signed a definitive agreement to acquire Verifi, a leader in technology solutions that reduce chargebacks.

Read: Visa (V) Q3 2019 earnings conference call transcript

Last week, the San Francisco-based firm acquired Payworks, a Munich-based provider of next-generation payment gateway software for the Point of Sale (POS). Also in June, Visa launched Visa B2B Connect network and aims to expand it to as many as 90 markets by the end of 2019.

Visa’s peer American Express (NYSE: AXP) reported its second quarter results last Friday. American Express’ second quarter results beat on strong card member sending. Another digital payment giant Mastercard (NYSE: MA) will release its second-quarter 2019 financial results on July 30.

Visa stock had given a positive return of 37% so far this year and gained 29% in the past 12 months.

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