Visa Stock Slips Despite Q1 Earnings Beat – Visa (NYSE:V)
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Visa, Inc. (NYSE:V) shares slipped in Thursday’s extended trading after the company released its first-quarter earnings report, despite beating analyst estimates.
Here’s a look at the key figures from the quarter.
The Details: Visa reported quarterly earnings of $3.17 per share, which beat the consensus estimate of $3.14, according to data from Benzinga Pro.
Quarterly revenue came in at $10.9 billion, which beat the Street estimate of $10.69 billion.
Visa reported the following first-quarter metrics:
“Visa delivered a very strong fiscal first quarter with net revenue up 15% yearover-year, GAAP EPS up 17% and non-GAAP EPS up 15%, driven by resilient consumer spending and a strong holiday season, as well as continued strength in value-added services and commercial and money movement solutions,” said Ryan McInerney, CEO of Visa.
V Stock Price: According to data from Benzinga Pro, Visa stock dipped 2% to $325.18 in Thursday’s extended trading.
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