=Visa (V) reported earnings on Thur 20 Apr 2017 (b/o)

Visa beats by $0.07, beats on revs; guides FY17 toward high end of range :

• Reports Q2 (Mar) adj earnings of $0.86 per share, $0.07 better than the Capital IQ Consensus of $0.79; revenues rose 23.5% year/year to $4.48 bln vs the $4.29 bln Capital IQ Consensus. 
• Guidance: Annual net revenue growth: High end of 16% to 18% range on a nominal dollar basis, including 2.0 to 2.5 ppts of negative foreign currency impa; Client incentives as a percent of gross revenues: Low end of 20.5% to 21.5% range; Annual operating margin: Mid 60s; Effective tax rate: Mid 40s on a GAAP basis and approximately 30% on an adjusted, non-GAAP basis.  Annual diluted class A common stock earnings per share growth: High single-digits on a GAAP nominal dollar basis and high end of mid-teens on an adjusted, non-GAAP nominal dollar basis, both including 2.5 to 3.0 ppts of negative foreign currency impact.