Visa Inc. Reaches Preliminary Agreement to Amend Transaction With Visa Europe
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Visa (V): FY17 Thesis Intact - Jefferies
April 22, 2016 7:28 AM EDTJefferies analyst, Jason Kupferberg, thinks that Visa (NYSE: V) should see significant acceleration in FY17, and would be buyers of near-term weakness. No change to $93 PT or Buy rating. The analyst beleive the after-hours reaction in shares is probably more due to the unexpected Visa Europe developments (elimination of earn-out, possible slight delay in close) than the F16 revenue guide-down, which had been foreshadowed last quarter, and has now become reality due to lack of non-US macro improvement.
Lingering non-US macro headwinds drive softer F16... More
Visa (V) Tops Q2 EPS by 1c
April 21, 2016 4:07 PM EDTVisa (NYSE: V) reported Q2 EPS of $0.68, $0.01 better than the analyst estimate of $0.67. Revenue for the quarter came in at $3.6 billion versus the consensus estimate of $3.6 billion.
Visa reported solid financial results in the fiscal second quarter. The continued headwinds of the strong U.S. dollar, lower oil prices, and an uneven global economy are driving continued weak cross-border spend, but domestic spend continues at reasonably strong levels consistent with last... More
