Earnings this week : Oct 23 - 27, 17 (wk 43)

=Visa (V) reported earnings on Thur 20 Jul 2017 (a/h)

• Visa tops Street 3Q forecasts

SAN FRANCISCO (AP) _ Visa Inc. (V) on Thursday reported fiscal third-quarter profit of $2.06 billion.

The San Francisco-based company said it had net income of 86 cents per share.

The results topped Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.

The global payments processor posted revenue of $4.57 billion in the period, which also beat Street forecasts. Ten analysts surveyed by Zacks expected $4.36 billion.

Visa shares have climbed 26 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 11 percent. In the final minutes of trading on Thursday, shares hit $98.34, a rise of 24 percent in the last 12 months.

=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.

=Visa (V) reported earnings on Thur 21 Apr 2016 (a/h)

Visa beats by $0.02, reports revs in-line; lowers rev guidance, EPS growth guidance :

• Reports Q2 (Mar) earnings of $0.68 per share, $0.02 better than the Capital IQ Consensus of $0.66; revenues rose 6.4% year/year to $3.63 bln vs the $3.6 bln Capital IQ Consensus.
• Updates following 2016 outlook metrics: Lowers rev growth guidance, EPS growth guidance
  • Now sees annual net revenue growth of 7% to 8% range on a constant dollar basis, with an expectation of about 3 percentage points of negative foreign currency impact (prior guidance was for high single-digit to low double-digit range on a constant dollar basis).
  • Now sees EPS growth of low double-digits on a constant dollar basis, with an expectation of about 4 percentage points of negative foreign currency impact. This now includes interest expense of about $390 million, or over 9 cents of earnings per share, which equates to almost 4 percentage points of reduced year-over-year growth. (Prior guidance was for EPS growth in low-end of the mid-teens range on a constant dollar basis, with an expectation of about four percentage points of negative foreign currency impact). 
  • Now sees client incentives as a percentage of gross revenues in high-end of the 17.5% to 18.5% range; and adjusted effective tax rate of about 30%.
• Visa reaffirms its financial outlook for the following metrics for fiscal full-year 2016: Annual operating margin: Mid 60s; and Annual free cash flow of about $7 billion.