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Visa tops forecasts

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Miguel A. Rodriguez
Miguel A. Rodriguez
01 February 2021
Stocks rose after better-than-expected fiscal first quarter results

In the fiscal first quarter, Visa reported an EPS of $1.42 on revenues of $5.69 billion. Both figures topped the expectations. The market was looking for earnings per share of $1.27, and revenues of $5.5 billion.

Most of the Visa segments reported revenue growth in the past quarter, the most significant ones being services – which increased 5% to $2.68 billion, and data processing – up 6% to $3.03 billion.

On the other hand, international transactions revenue figures came in at $1.45 billion, marking a 28% drop from what was expected.

For the future, Visa will start a buyback program through which is looking to repurchase $8 billion worth of stocks.

Following the news, Visa stock price added 0.9%.

Source: investors.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.