Categories AlphaGraphs, Earnings, Finance

Visa (V) reports a drop in earnings and revenue for Q3 2020, but beats estimates

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%.

Visa (V) Q3 2020 Earnings Infograph

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.

Check out Visa Q3 2020 earnings call transcript

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