182.65 +1.78 (0.98%)
After hours: 5:09PM EDT
|Bid||183.50 x 1000|
|Ask||180.91 x 1200|
|Day's Range||179.34 - 184.70|
|52 Week Range||133.93 - 217.35|
|Beta (5Y Monthly)||0.91|
|PE Ratio (TTM)||34.37|
|Forward Dividend & Yield||1.20 (0.63%)|
|Ex-Dividend Date||Aug. 13, 2020|
|1y Target Est||N/A|
Visa reported Q4 estimates that topped the Street's expectations. The credit-card company posted $1.12 EPS and $5.41B in revenue, outperforming consensus estimates of $1.09 EPS and $5B in revenue. Yahoo Finance’s Myles Udland breaks down the details.
Earlier on Wednesday, Mastercard Inc <MA.N> missed profit expectations and warned that travel-related spending will likely be a major headwind for the industry until COVID-19 vaccines are widely available. Visa's 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.
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.