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.
Production disruption and logistics issues continue to have a crippling effect on the industrial sector but the performance of companies, in general, has been mixed so far. Fastenal Company (NASDAQ:
Netflix, Inc. (NASDAQ: NFLX) Thursday said it added 8.3 million paid members in the December quarter. Revenues increased and matched estimates, aided by the relaxation of COVID restrictions and resumption
Investment management firm Charles Schwab Corporation (NYSE: SCHW) has stayed largely unaffected by the coronavirus crisis, rather it managed to tap into new opportunities. The company owes its impressive financial