Categories Earnings, Finance

Visa (V) meets Q1 2020 earnings estimates

Digital payment service provider Visa’s (NYSE: V) first quarter 2020 earnings of $1.46 per share meet analysts expectations, while revenue of $6.1 billion beat the Street’s projections of $6.08 billion. Visa stock was down about 1% immediately after the earnings announcement.

GAAP net income in the first quarter of 2020 was $3.3 billion or $1.46 per share, which increased 10% and 12%, respectively, over prior year’s results.

Visa (V) Q1 2020 earnings infograph

For fiscal 2020, Visa estimates EPS to grow in mid-teens on a GAAP and adjusted basis and low double-digit growth in revenues on a GAAP and adjusted basis.

On a constant-dollar basis, payments volume for the three months ended December 31, 2019, grew 8% over the prior year. Cross-border volume grew 9%. Total processed transactions, which represent transactions processed by Visa, for the three months ended December 31, 2019, were 37.8 billion, an 11% increase over the prior year.

Earlier this month, Visa signed a definitive agreement to acquire Plaid, a network that makes it easy for people to securely connect their financial accounts to the apps they use to manage their financial lives. Visa will pay $4.9 billion cash consideration and $0.4 billion of retention equity and deferred equity consideration. 

Visa stock, which closed down 1.64% at $208.21 today, had gained 11% in the past 30 days and 16% in the past three months.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

PM Earnings: Key quarterly highlights from Philip Morris Q3 financial results

Philip Morris International Inc. (NYSE: PM) reported Third-quarter 2021 earnings results today. Net revenues increased 9% year-over-year to $8.1 billion. The reported net income amounted to $2.42 billion compared to

Halliburton stock slips on weaker-than-expected Q3 results

Halliburton (NYSE: HAL) reported third-quarter 2021 financial results before the regular market hours on Tuesday. The company reported Q3 revenue of $3.9 billion, up 30% year-over-year and lower than the

Johnson & Johnson (JNJ) reports Q3 2021 earnings

Johnson & Johnson (NYSE: JNJ) reported third-quarter 2021 financial results before the regular market hours on Tuesday. The pharmaceutical giant reported revenue of $23.3 billion, up 10.7% year-over-year, with operational

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top