Investing.com - Visa (NYSE:V) A reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Visa A announced earnings per share of $1.39 on revenue of $5.85B. Analysts polled by Investing.com anticipated EPS of $1.35 on revenue of $5.76B. That with comparison to EPS of $1.31 on revenue of $5.49B in the same period a year before.Visa A had reported EPS of $1.46 on revenue of $6.05B in the previous quarter.Analysts are expecting EPS of $1.23 and revenue of $5.27B in the upcoming quarter.
Visa A shares are down 4% from the beginning of the year and are trading at $180.05 , down-from-52-week-high.They are outperforming the S&P 500 which is down 10.34% year to date.
Visa A shares gained 0.81% in after-hours trade the report.
Visa A follows other major Services sector earnings this month
Visa A's report follows an earnings missed by Amazon.com on Thursday, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.34 on revenue of $72.9B.
Verizon had beat expectations on Friday, April 24, 2020 with first quarter EPS of $1.26 on revenue of $31.61B, compared to forecast for EPS of $1.22 on revenue of $32.38B.
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