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.
The Coca-Cola Company (NYSE: KO) reported first-quarter 2021 financial results before the regular market hours on Monday. The beverage manufacturer reported fourth-quarter revenue of $9 billion, up 5% year-over-year. The
The market rally gathered pace this week amid impressive quarterly results, led by the banking sector, and positive economic data. Leading stock indexes continued their winning streak, with S&P 500
Leading Wall Street banks recorded robust earnings in the early months of fiscal 2021 with the results benefiting from the release of credit loss reserves, in most cases. Taking advantage