Recap: Visa Q3 Earnings

Shares of Visa V moved lower by 1.14% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 22.63% over the past year to $1.06, which beat the estimate of $1.03.

Revenue of $4,837,000,000 declined by 17.17% from the same period last year, which beat the estimate of $4,820,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Jul 28, 2020

Time: 05:00 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.visa.com%2Fevents-calendar%2Fdefault.aspx&eventid=2396404&sessionid=1&key=C5F7EC050706FFCF221F48685A61039E&regTag=&sourcepage=register

Price Action

Company's 52-week high was at $214.17

Company's 52-week low was at $133.93

Price action over last quarter: Up 12.54%

Company Description

Visa is the largest payment processor in the world. In fiscal 2019, it processed almost $9 trillion in purchase transactions. Visa operates in over 200 countries and processes transactions in over 160 currencies. Its systems are capable of processing over 65,000 transactions per second.