Categories AlphaGraphs, Earnings, Finance

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 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.

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.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results

Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a

AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates

Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion

Comments

  1. Pingback: Beverly Bultron
  2. Pingback: Chirurgie Tunisie
  3. Pingback: Chirurgie Tunisie
  4. Pingback: Faculty expertise
  5. Pingback: Dental technology
  6. Pingback: Faculty Grievances
  7. Pingback: Business majors
  8. Pingback: MIS research
  9. Pingback: Public opinion
  10. Pingback: exams system
  11. Pingback: Regional Ring Road
  12. Pingback: Dr. Khaled Azazy
  13. Pingback: butterfly sport
  14. Pingback: glucofort
  15. Pingback: Fiverr Earn
  16. Pingback: Fiverr Earn
  17. Pingback: Fiverr Earn
  18. Pingback: Fiverr Earn
  19. Pingback: fiverrearn.com
  20. Pingback: flatbed broker
  21. Pingback: fiverrearn.com
  22. Pingback: french bulldog
  23. Pingback: fiverrearn.com
  24. Pingback: fiverrearn.com
  25. Pingback: Digital Marketing
  26. Pingback: bitcoin
  27. Pingback: future university
  28. Pingback: multisbobet
  29. Pingback: seo company tampa
  30. Pingback: grey bulldog
  31. Pingback: future university
  32. Pingback: lean manufacturing
  33. Pingback: Warranty
  34. Pingback: FUE
  35. Pingback: FUE
  36. Pingback: Secure storage
  37. Pingback: Move planning
  38. Pingback: Classic Books 500
  39. Pingback: FiverrEarn
  40. Pingback: FiverrEarn
  41. Pingback: FiverrEarn
  42. Pingback: FiverrEarn
  43. Pingback: Streamer
  44. Pingback: partners
  45. Pingback: fue
  46. Pingback: FiverrEarn
  47. Pingback: FiverrEarn
  48. Pingback: FiverrEarn
  49. Pingback: FiverrEarn
  50. Pingback: live sex cams
  51. Pingback: FiverrEarn
  52. Pingback: FiverrEarn
  53. Pingback: FiverrEarn
  54. Pingback: FiverrEarn
  55. Pingback: FiverrEarn
  56. Pingback: FiverrEarn
  57. Pingback: FiverrEarn
  58. Pingback: FiverrEarn
  59. Pingback: FiverrEarn
  60. Pingback: FiverrEarn
  61. Pingback: FiverrEarn
  62. Pingback: red boost scam
  63. Pingback: cheap sex cams
  64. Pingback: fullersears.com
  65. Pingback: canine probiotics
  66. Pingback: live sex cams
  67. Pingback: live sex cams
  68. Pingback: frt trigger
  69. Pingback: 늑대닷컴
  70. Pingback: Hold and win slot
  71. Pingback: nang sydney
  72. Pingback: superslot
  73. Pingback: allgame
  74. Pingback: 918kiss
  75. Pingback: หวย24
  76. Pingback: Korean makeup
  77. Pingback: AI Lawyer
  78. Pingback: Raahe Guide
  79. Pingback: health supplements
  80. Pingback: megagame
  81. Pingback: ozempic
  82. Pingback: itsMasum.Com
  83. Pingback: itme.xyz
  84. Pingback: masumintl
  85. Pingback: itme.xyz
  86. Pingback: ItMe.Xyz
  87. Pingback: masumintl.com

Comments are closed.

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top