Company News: Visa (V) quarterly results beat analysts’ expectations

Market news

21 April 2017

Company News: Visa (V) quarterly results beat analysts’ expectations

Visa (V) reported Q2 FY 2017 earnings of $0.86 per share (versus $0.68 in Q2 FY 2016), beating analysts' consensus estimate of $0.79.

The company's quarterly revenues amounted to $4.477 bln (+23.5% y/y), beating analysts' consensus estimate of $4.291 bln.

The company also reported its Board authorized a new $5.0 billion class A common stock share repurchase program.

V rose to $93.60 (+2.69%) in pre-market trading.

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