Visa Rises on International Success
In the company’s first quarter, Visa beat expectations and raised guidance, but it was its overseas triumphs that stood out the most.
When Visa Inc (NYSE:V) reported its earnings late last month, shares popped on the news, and even the payment network’s spoiled investors must have been pleased with the quarter’s strong showing. Not only did the company beat expectations, it also raised its sales and earnings guidance for the remainder of the year.
For the quarter, net revenue grew to $5.1 billion, a 13% increase year over year, and adjusted earnings per share rose to $1.11, a whopping 30% increase year over year. This strong top- and bottom-line growth was powered by 11% in payment volume growth, the amount of money travelling over Visa’s network, and a 12% increase in processed transactions, the number of times a Visa account is used to facilitate a transaction.
While all the numbers looked great, what stood out most after reading through Visa’s conference call transcript were the huge successes the company was seeing in its international markets. Let’s take a closer look at these achievements and what Visa is doing to realize such strong global growth.
Matthew Cochrane
The Motley Fool
May 4, 2018 at 1:48PM
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