New York, May 3 (FinanceEnquiry.com) – On Wednesday, Visa Inc (NYSE : V), the world’s largest credit and debit-card network, reported a 23 percent jump in its adjusted earnings. The result beat analysts expectations as consumers spent more with cards.
Q2 profit reached $1.08 billion, or $1.60 a share, a hike of 23 percent from the previous year. It came above analysts’ expectations of $1.51 a share. Net income, excluding tax liability adjustment, for the period stood at $1.29 billion, or $1.91 a share. This is a major improvement over $811 million, or $1.23 a share in the same period, a year earlier.
The company also raised its full year EPS guidance, notwithstanding US government anti-trust investigators’ query as to how the company is dealing with new federal limits regarding the debit cards transaction fees. Major debit card companies have been at loggerheads with retailers, who have accused them of charging high fees for handling transactions.
New York, May 20 (FinanceEnquiry.com) – Seeing that investors expect China would put into use reforms in order to refresh slumping economy of the nation, Hong Kong shares soared to their uppermost level in 3-...
New York, May 17 (FinanceEnquiry.com) – Being enhanced by healthy requirement in the UK, latest car sales across Europe soared in the earlier month for the initial time in 18 months. As compared with a year...
New York, May 7 (FinanceEnquiry.com) – Even though refreshed anticipations for a stable US recovery drove Japanese equities to a near five-year crest, still Asian shares were capped on May 7 by warning...
New York, April 26 (FinanceEnquiry.com) – Analysts at Deutsche Bank Securities reiterate their BUY rating on the shares of Allegiant Travel Company (NASDAQ: ALGT). The 12-month target price has...
New York, April 22 (FinanceEnquiry.com) – Micromax A110 Canvas 2, a Dual SIM (Mini-SIM) mobile phone, marked its entry in the month of November last year and since then, it has become one of the...
New York, April 17 (FinanceEnquiry.com) – Analysts at Deutsche Bank Securities reiterate their BUY rating on the shares of Freeport-McMoRan Copper & Gold Inc (NYSE: FCX). The 12-month target price is set...
New York, April 15 (FinanceEnquiry.com) – As soon as economic expansion of China all of a sudden eased in the 1Q with lower gains in factory-production, Asian stocks fell from the uppermost level in...
New York, April 4 (FinanceEnquiry.com) – Providing the proof that the housing improvement reinforced prior to the crucial spring-buying period, US house costs soared in the month of February by the biggest...
New York, April 1 (FinanceEnquiry.com) – Asian shares and the euro skidded on the very first day of the month in uneven trade with exchanges closed in more than a few Asian markets, together with Australia...
New York, March 12 (FinanceEnquiry.com) – Analysts at Deutsche Bank Securities reiterate their HOLD rating on the shares of James River Coal Co (NASDAQ: JRCC). The 12-month target price has been reduced to...
