• Company News: Visa (V) quarterly earnings beat analysts’ estimate

Market news

25 October 2019

Company News: Visa (V) quarterly earnings beat analysts’ estimate

Visa (V) reported Q4 FY 2019 earnings of $1.47 per share (versus $1.21 in Q4 FY 2018), beating analysts’ consensus estimate of $1.43.

The company’s quarterly revenues amounted to $6.137 bln (+12.9% y/y), generally in line with analysts’ consensus estimate of $6.081 bln.

The company also issued in-line guidance for FY 2020, projecting EPS up mid-teens (versus analysts’ consensus estimate of +14.9% y/y) and net revenue up low-double digits (versus analysts’ consensus estimate of +10.9% y/y).

In addition, Visa raised its quarterly dividend by 20% to $0.30/share.

V fell to $176.00 (-0.09%) in pre-market trading.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.