Visa’s (NYSE: V) adjusted EPS and revenue declined 23% and 17%, respectively in its third quarter of 2020. However, both bottom and top line numbers beat the market’s view by a slight margin. Visa stock slid about 1% in the after-hours session. On a nominal basis, payments volume slipped 12% annually and processed transactions declined […]
“Visa’s (NYSE: V) adjusted EPS and revenue declined 23% and 17%, respectively in its third quarter of 2020. However, both bottom and top line numbers beat the market’s view by a slight margin. Visa stock slid about 1% in the after-hours session. On a nominal basis, payments volume slipped 12% annually and processed transactions declined […]
· July 28, 2020
Visa’s (NYSE: V) adjusted EPS and revenue declined 23% and 17%, respectively in its third quarter of 2020. However, both bottom and top line numbers beat the market’s view by a slight margin. Visa stock slid about 1% in the after-hours session.
On a nominal basis, payments volume slipped 12% annually and processed transactions declined 13%.
The payments operator didn’t provide fiscal 2020 outlook due to the current uncertain environment.
Rival Mastercard (NYSE: MA) is set to report its second quarter 2020 earnings results on July 30, Thursday.
