Visa (V) Tops Q2 EPS by 1c
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April 21, 2016 4:05 PM EDT
GAAP quarterly net income of $1.7 billion or $0.71 per share including
a non-recurring, non-operating gain related to currency forward
contracts
Adjusted quarterly net income of $1.6 billion or $0.68 per share
excluding a non-recurring, non-operating gain related to currency
forward contracts
SAN FRANCISCO--(BUSINESS WIRE)--
Visa Inc. (NYSE: V) today announced financial results for the Companys
fiscal second quarter 2016. GAAP net income for the quarter, inclusive
of a non-recurring, non-operating gain related to currency forward
contracts, was $1.7 billion, or $0.71 per share. All references to
earnings per share assume... More
April 21, 2016 4:04 PM EDT
SAN FRANCISCO--(BUSINESS WIRE)--
Visa Inc. (NYSE: V) today announced that, in response to feedback
received from the European Commission, the Company and Visa Europe have
reached preliminary agreement to amend their Transaction Agreement to
eliminate the earn-out portion of the transaction consideration. The
terms of the transaction remain otherwise unchanged.
Instead of an earn-out, the cash consideration payable in the
transaction will be increased by 1.75 billion: 750 million payable
upon closing, and 1.0 billion, plus 4% compound annual interest,
payable on the third anniversary of closing. The transaction remains
subject to the negotiation of the definitive... More
