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.
https://www.youtube.com/watch?v=50yUaLybUnA&t=667s China-based internet search firm Baidu Inc. (NASDAQ: BIDU) reported financial results for the second quarter of 2020 on Thursday after the market's close. Earnings exceeded analysts’ expectations, but the
Applied Materials' (NASDAQ: AMAT) earnings and revenue for the third quarter exceeded the market's views. Adjusted EPS of $1.06 and revenue of $4.40 billion in Q3, grew 43% and 23%,
A lot of stocks in the biotech space have skyrocketed this year after their announcements and advances in finding a vaccine or in the treatment of COVID-19. While these companies