Company News: Visa (V) quarterly earnings miss analysts’ forecast

Market news

31 January 2020

Company News: Visa (V) quarterly earnings miss analysts’ forecast

Visa (V) reported Q1 FY 2020 earnings of $1.46 per share (versus $1.30 per share in Q1 FY 2019), missing analysts' consensus estimate of $1.47 per share.

The company's quarterly revenues amounted to $6.054 bln (+10.0% y/y), roughly in line with analysts' consensus estimate of $6.078 bln.

The company also announced a $9.5 bln share buyback.

V fell to $202.50 (-2.74%) in pre-market trading.

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