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1 pt

Visa (V) Rings Up Very Good Earnings - Should Bode Well for Mastercard (MA)

 Jul 30, 2008 11:30 PM UTC
Tradermark
Return Risk
-12.84% LOW
Analyst
Symbol Sentiment Start Return Closed
V n/a
MA Positive 07/30/08 -10.67% 07/31/08

Graphic_arrow1 Via Fund my Mutual Fund:  

We don't own Visa (V), but we do have Mastercard (MA) which reports tomorrow. I'll repeat every quarter people do not realize the international opportunities these 2 companies have. Visa was very solid tonight

  • Visa Inc.'s profit rose a better-than-expected 41 percent in the most recent quarter, as more money changed hands using its credit and debit cards -- particularly outside the United States.
  • Visa it earned $422 million, or 51 cents a share, for the April-to-June period. That is up from $299 million in the same period a year ago, before the company went public.
  • The results, reported Wednesday after the market closed, included litigation and restructuring costs. Excluding those costs and other items, earnings per share amounted to 59 cents. Analysts had anticipated 48 cents per share, according to Thomson Financial.
  • Operating revenue rose to $1.61 billion, above t
...




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