182.17 +0.89 (0.49%)
After hours: 4:49PM EDT
|Bid||183.50 x 800|
|Ask||181.01 x 800|
|Day's Range||179.34 - 184.70|
|52 Week Range||133.93 - 217.35|
|Beta (5Y Monthly)||0.91|
|PE Ratio (TTM)||34.37|
|Earnings Date||Oct. 28, 2020|
|Forward Dividend & Yield||1.20 (0.63%)|
|Ex-Dividend Date||Aug. 13, 2020|
|1y Target Est||224.84|
Net income fell to $2.4 billion, or $1.07 per Class A share, for the fourth quarter ended Sept. 30, from $3.03 billion, or $1.34 per Class A share, a year earlier. Net revenue fell 17% to $4.8 billion as consumer spending was limited due to the health crisis, which has triggered the worst economic downturn in decades and prompted massive layoffs. This is only the second time the company's quarterly revenue declined year-over-year since it went public in 2008.
Visa Inc. (NYSE: V) today announced its fiscal fourth quarter and full-year 2020 financial results through an earnings release that will be furnished with the Securities and Exchange Commission on a Form 8-K and will be available on its Investor Relations website at http://investor.visa.com/sec-filings/default.aspx.
The stock market was broadly lower on Wednesday morning, with all three major averages down by nearly 3% as of 10:45 a.m. EDT. Visa (NYSE: V) was having a particularly rough day, down more than 5%. Typically Visa is less volatile than most other fintech stocks, and it also has held up much better than most of the financial sector during the COVID-19 pandemic.