logo
Plus   Neg
Share
Email

Visa Inc. Q3 adjusted earnings Beat Estimates

Visa Inc. (V) released earnings for third quarter that dropped from the same period last year.

The company's profit totaled $2.37 billion, or $1.07 per share. This compares with $3.10 billion, or $1.37 per share, in last year's third quarter.

Excluding items, Visa Inc. reported adjusted earnings of $2.35 billion or $1.06 per share for the period.

Analysts had expected the company to earn $1.03 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 17.1% to $4.84 billion from $5.84 billion last year.

Visa Inc. earnings at a glance:

-Earnings (Q3): $2.35 Bln. vs. $3.10 Bln. last year.
-EPS (Q3): $1.06 vs. $1.37 last year.
-Analysts Estimate: $1.03
-Revenue (Q3): $4.84 Bln vs. $5.84 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT