Visa Ticks Lower After Q1 Earnings

Visa V reported quarterly earnings of $1.46 per share on Thursday, which met the analyst consensus estimate. This is a 12.31% increase over earnings of $1.30 per share from the same period last year.

The company also reported quarterly sales of $6.1 billion, which beat the analyst consensus estimate of $6.07 billion by 0.49%. This is a 10.79% increase over sales of $5.506 billion the same period last year.

After closing the regular session up 1.66%, Visa shares were trading down 1.4% at $205.25 at the time of publication in after-hours trading. The stock has a 52-week range between $210.13 and $133.30.

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