Visa (V – Free Report) just released its second quarter 2018 financial results, posting adjusted earnings of $1.11 per share and revenues of $5.07 billion.
Visa is currently a Zacks Rank #3 (Hold). Shares of Visa are up 31% over the last year and 3% in the last month. Visa experienced a marginal decline on Wednesday to hit $121.20 per share prior to the release of its quarterly earnings results.
Visa stock is currently up 1.89% to $123.50 per share in after-hours trading shortly after its earnings report was released.
V:
Beat earnings estimates. The company posted adjusted earnings of $1.11 per share, beating the Zacks Consensus Estimate of $1.01 per share.
Beat revenue estimates. The company saw revenue figures of $5.07 billion, topping our consensus estimate of $4.78 billion.
Visa’s quarterly revenues jumped roughly 13% from the year-ago period. Meanwhile, the credit card giant’s quarterly earnings climbed 30%.
Visa noted that its payments volume jumped by 11%, while processed transactions climbed 12%. The company also repurchased 16.9 million shares of class A common stock during the quarter.
Here’s a graph that looks at Visa’s Price, Consensus and EPS Surprise history:
Visa Inc. Price, Consensus and EPS Surprise
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