Company News: Visa (V) posts better-than-expected quarterly results

Market news

3 February 2017

Company News: Visa (V) posts better-than-expected quarterly results

Visa reported Q1 FY 2017 earnings of $0.86 per share (versus $0.69 in Q1 FY 2016), beating analysts' consensus estimate of $0.78.

The company's quarterly revenues amounted to $4.461 bln (+25.1% y/y), beating analysts' consensus estimate of $4.279 bln.

V rose to 85.48 (+3.86%) in pre-market trading.

U.S.: Nonfarm Payrolls, January 227 (forecast 175)

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