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

Electronic Arts (EA) Q4 earnings drop and miss estimates; revenue down 3%

Video game company Electronic Arts, Inc. (NASDAQ: EA) reported lower earnings and revenues for the fourth quarter of 2021. Earnings also missed analysts' forecast. During the March quarter, net bookings

What lies in store for Tyson Foods (TSN) this year?

Shares of Tyson Foods Inc. (NYSE: TSN) were in green territory during afternoon hours on Tuesday. The stock has gained 32% over the past 12 months and 23% since the

Virgin Galactic (SPCE) fails to impress market amid looming uncertainty

Space tourism company Virgin Galactic Holdings, Inc. (NYSE: SPCE) ended the first quarter of 2021 without generating revenue and continued the losing streak even as uncertainty over its test flight

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