Visa Inc (V) Stock Up on Strong Q4 Earnings
Visa Inc (NYSE:V) stock was up today on a strong earnings report for its fiscal fourth quarter of 2017.
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Visa Inc reported earnings per share 90 cents of during its fiscal fourth quarter of the year. This is an increase from its earnings per share of 78 cents reported in the same time last year. It also beat out Wall Street’s earnings per share estimate of 85 cents for the quarter, which was a plus for V stock.
Revenue reported by Visa Inc in its fiscal fourth quarter of 2017 was $4.86 billion. This is up from its revenue of $4.26 billion reported in its fiscal fourth quarter of the year prior. It was also good news for V stock by topping analysts’ revenue estimate of $4.63 billion for the quarter.
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Visa Inc attributes its positive earnings report for its fiscal fourth quarter of 2017 to a few factors. The first is a 13% increase to its processed transactions when compared to the same time last year. It also says that cross-border volume growth of 10% was a benefit to its earnings.
Visa Inc also notes that it saw payments volume increase by 10% when compared to the same period of the year prior. The credit and debit card company notes that this excludes Europe co-badge volume because it is no longer included in reported volume.
Visa Inc will be paying a dividend of 19.5 cents per share to investors on Dec. 5, 2017. However, shareholders of V stock must be on record as of Nov. 17, 2017 to receive this dividend.
V stock was up 1% as of Wednesday morning and is up 41% year-to-date.
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As of this writing, William White did not hold a position in any of the aforementioned securities.
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