Visa earnings top estimates, revenue jumps

Yahoo Finance Video
16,090 次觀看・2 週前

Visa (V) posted better-than-expected fiscal fourth quarter results. Adjusted earnings of $2.71 per share, better than the Bloomberg consensus estimate of $2.58. Net revenue of $9.62 billion topped the expectations of $9.49 billion. Processed transactions were $61.5 billion, which was in line with estimates. The release came shortly after The Wall Street Journal reported that the company was looking to shed 1,400 employees and contractors in a bid to streamline its international business.

Market Domination Overtime Anchors Julie Hyman and Josh Lipton break down the credit card giant's results.

To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.

This post was written by Stephanie Mikulich.