Investing.com - Visa (NYSE:V) reported first quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.3 on revenue of $5.51B. Analysts polled by Investing.com anticipated EPS of $1.25 on revenue of $5.41B. That compared to EPS of $1.08 on revenue of $4.86B in the same period a year earlier. The company had reported EPS of $1.21 on revenue of $5.43B in the previous quarter.
Visa shares gained 0.75% to trade at $138.60 in after-hours trade following the report.
Visa shares gained 0.75% to trade at $138.60 in after-hours trade following the report.
For the year, Visa shares are up 4.27%, under-performing the S&P 500 which is up 8.65% year to date.
Visa follows other major Services sector earnings this month
On Wednesday, AT&T reported fourth quarter EPS of $0.86 on revenue of $48.04B, compared to forecasts of EPS of $0.86 on revenue of $48.5B.
Verizon earnings beat analyst's expectations on Tuesday, with fourth quarter EPS of $1.12 on revenue of $34.28B. Investing.com analysts expected EPS of $1.09 on revenue of $34.45B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar