Visa: Q1 EPS in line with estimates
(CercleFinance.com) - On Thursday evening Visa published adjusted net income that is up 10% at 3.
3 billion dollars for Q1 2019-20.
At 1.46 dollar, EPS was in line with the consensus.
Revenues for the payment solutions group increased 10% to 6.1 billion dollars, with an 8% increase in payment volume, an 11% rise in processed transactions and 9% in cross-border volumes.
Visa confirms that for FY 2019-20 it expects EPS to increase in the middle of a 10% to 20%range at constant dollars, as well as low double-digit growth in revenues at constant dollars.
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