Visa (V) Tops Q2 EPS by 1c
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Visa (V) Estimates Cut As Target Price Raised - Piper Jaffray
April 22, 2016 9:56 AM EDTPiper Jaffray analyst, Jason S. Deleeuw, cut estimates but raised the PT as Visa (NYSE: V) slightly beat FY 2Q consensus revenue and EPS, but lowered its FY 16 guidance largely due to a lack of material improvement in global economic trends. The lowered growth outlook takes some of the shine off Visas shares, but the analyst believes the long-term secular growth outlook remains strong.... More
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) to Amend Transaction With Visa Europe
April 21, 2016 4:04 PM EDTVisa 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... More
