Visa Beats on Q4 Revenue and EPS, Lifts Dividend 16%
V sits 35% above its 52-week low of $293.89.
Summary
Visa beat on both lines for the fiscal fourth quarter: adjusted EPS of $3.48 versus $3.44 expected, revenue up 13% to $12.14 billion against $12.09 billion consensus. Net profit rose to $6.0 billion, or $3.19 a share, from $5.09 billion a year earlier. The growth came from the core rails — payment volumes up 9%, processed transactions up 10% and cross-border volumes up 14%. Management also raised the quarterly dividend 16% to 78 cents from 67 cents, a modest 0.8% yield at Tuesday's close. The stock slipped 1.1% after hours to $397.26 despite the beat, a muted reaction for a name trading near its 52-week high after a 15% run into the print.
At the time of this announcement, V was trading at $396.98 on NYSE in the Finance sector, with a market capitalization of approximately $750.3B. The 52-week trading range was $293.89 to $414.60. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.