Visa (V) Tops Q2 EPS by 1c
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Visa Inc. Reports Fiscal Second Quarter 2016 Results
April 21, 2016 4:05 PM EDTGAAP 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
Visa Inc. Reaches Preliminary Agreement to Amend Transaction With Visa Europe
April 21, 2016 4:04 PM EDTSAN 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
