Visa (V) reported 2nd Quarter March 2018 earnings of $1.11 per share on revenue of $5.1 billion. The consensus earnings estimate was $1.01 per share on revenue of $4.8 billion. The Earnings Whisper number was $1.04 per share. Revenue grew 13.3% on a year-over-year basis.
The company said it expects 2018 revenue growth in the low double-digits with an additional 1% currency benefit, or revenue of $20.38 billion or more. The current consensus estimate is revenue of $20.18 billion for the year ending September 30, 2018.
Visa Inc is a payments technology company that connects consumers,
businesses, banks and governments in more than 200 countries and territories to
fast, secure and reliable electronic payments.
Visa Inc. Fiscal Second Quarter 2018 Financial Results
SAN FRANCISCO--(BUSINESS WIRE)-- Visa Inc. (NYSE: V) today announced its second quarter 2018 financial results through an earnings release that will be furnished to the Securities and Exchange Commission on a Form 8-K and will be available on its Investor Relations website at http://investor.visa.com/sec-filings/default.aspx.
Visa will host a live audio webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these financial results. The webcast and all related materials can also be accessed through Visa’s Investor Relations website at http://investor.visa.com/financial-information/quarterly-earnings/default.aspx.
About Visa Inc.
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit About Visa, visacorporate.tumblr.com and @VisaNews.
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Mike Milotich, 650-432-7644
William Stickney, 415-805-4892
Source: Visa Inc.