Visa Inc (NYSE: V) reported second-quarter 2020 financial results after the regular trading hours on Thursday. Both revenue and EPS surpassed analysts expectations during the quarter.
Payment volume increased 5% in Q2.
CEO Alfred F. Kelly, Jr said, “Although the road ahead will likely be challenging for a number of quarters, our business model is resilient and our strategy to enable the movement of money globally is more relevant than ever.”
V stock rose 0.16% following the announcement. The stock has increased by 9% in the trailing 12 months.
Benchmark stock indexes pared their recent gains early this week amid elevated inflation concerns, but regained a part of the momentum later aided by recovery in tech stocks. The Dow
Shares of Alibaba Group (NYSE: BABA) have dropped 10% since the beginning of the year. The company reported mixed results for the fourth quarter of 2021 a day ago, with
With some of its parks and resorts either closed or operating at reduced capacity even more than a year after the virus outbreak, The Walt Disney Company (NYSE: DIS) is