Visa (V)

Re: Visa (V)

Postby millionairemind » Thu Feb 05, 2009 6:19 pm

February 5, 2009, 6.32 am (Singapore time)

Visa Q1 profit beats estimates

NEW YORK - Visa, the world's largest credit card network, posted higher-than-expected quarterly earnings on Wednesday as consumers used their cards more and boosted revenue, sending the shares higher.

Net income was US$574 million, or 74 cents per class A share, for the first quarter ended Dec 31, compared with proforma profit of US$424 million a year earlier, when the company was privately held.

On an adjusted basis, reflecting a normalised tax rate, restructuring and purchase amortisations, quarterly net income was US$599 million, or 78 cents per diluted class A common share.

On that basis, analysts, on average, expected 66 cents, according to Reuters Estimates.

Visa said payments volume increased 12 per cent for the quarter ended Sept 30. Volume in that quarter translated to revenue in the next quarter.

Net operating revenue rose 17 per cent to US$1.7 billion.

Visa shares were up 5.2 per cent to $51.70 in after-hours trade. -- REUTERS
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Re: Visa (V)

Postby millionairemind » Thu Jul 30, 2009 2:51 pm

July 30, 2009
Visa profit jumps 73%

BOSTON - VISA Inc on Wednesday said its fiscal third-quarter profit jumped nearly 73 per cent, as recent cost-cutting helped offset declining payment processing volume driven down by the recession.

Executives with the world's largest electronic payment network said they see recent stabilisation in the economy. They offered a slightly more optimistic outlook for Visa's fiscal fourth quarter, citing recent moderation in the payment volume decline.

'The velocity of the downturn has slowed,' Chief Financial Officer Byron Pollitt told analysts on a conference call, adding that it was too early to characterise the shift as a broad economic turnaround.

San Francisco-based Visa reported net income of US$729 million (S$1051 million), or 97 cents per share, for the three months ended June 30. That's up from a profit of US$422 million, or 51 cents per share, in the year-ago period.

Excluding one-time items including a gain from Visa's sale of an interest in its Brazilian affiliate, Visa's adjusted quarterly profit was US$507 million, or 67 cents per share.

Analysts surveyed by Thomson Reuters expected a profit of 67 cents per share. Analysts' estimates typically exclude one-time items.

Visa's revenue rose 2 per cent to nearly US$1.65 billion, slightly above analysts' forecast of about US$1.64 billion.

Visa said operating expenses fell nearly 15 per cent to US$824 million in the latest quarter after a cost-cutting campaign trimmed personnel and marketing costs. Adjusted for one-time items, the decline in operating expenses was more modest, at 9 per cent.

The reduced expenses boosted the company's profit margin. But that gain was partly offset by a 5 per cent decline in payments volume, to US$617 billion for the three months ended March 31, excluding the effects of currency fluctuations. Visa reports some operational results on a three-month lag. US payments volume fell 2.5 per cent from the year-ago period.

But Chairman and CEO Joseph Saunders said Visa was encouraged that dropping volume has recently eased, remaining in 'a relatively tight range,' with declines of 2 per cent to 4 per cent throughout this calendar year. -- AP
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Re: Visa (V)

Postby winston » Thu Jul 30, 2009 3:10 pm

Notes for myself:-

Revenue rose 2 per cent

Do you feel excited ?
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Visa (V)

Postby kennynah » Thu Jul 30, 2009 6:11 pm

Do you?
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Re: Visa (V)

Postby winston » Thu Jul 30, 2009 8:10 pm

How to feel excited with something that's growing at 2% ?
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Visa (V)

Postby blid2def » Thu Jul 30, 2009 8:51 pm

.
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Re: Visa (V)

Postby winston » Thu Sep 24, 2009 8:51 pm

A STOCK TO PROFIT FROM THE "GREAT GOOSING"

A brilliant "spending stock" message from our colleague Porter Stansberry...

We've checked out the soaring shares of Starbucks and Dillard's this week as proof that, for better or worse, the government's massive "goosing" is getting money back into restaurant and retail businesses. Scores of restaurant and retail stores top the new-highs list nearly every day.

Here's another example... and "probably the best one," according to Porter. It's the past year's trading in the world's largest credit-card company, Visa. Shares are up 43% this year.

A Visa-facilitated transaction ranks right up there with breathing and walking as the most frequent activity the average American performs each day... and Visa takes a sliver of each one. This makes Visa's profits and share price a "real time" read on the velocity of money and credit.

Porter forecasted the bull market in Visa and recommended the stock as a way to play the flurry of financial transactions the Great Goosing would produce. Put this one on your watch list. As the Great Goosing continues, it's going to go higher.

Source: Brian Hunt, Daily Wealth
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Re: Visa (V)

Postby winston » Sat Nov 07, 2009 9:48 pm

INFLATION... IT'S EVERYWHERE YOU WANT TO BE

This June, our colleague Porter Stansberry recommended Visa (V) to readers of his investment advisory as a great play on inflation.

As the world leader in branded debit and credit cards, Visa takes a tiny cut on the billions of global debit and credit-card transactions each year. The larger the transaction, the larger the transaction fee.

As we mentioned a few weeks ago, both stocks and gold can be excellent inflation hedges... So "cover your bases" and own both. For proof, we offer Visa as our chart of the week. It's performing just as Porter predicted.

Like gold bullion, Visa reached a new 52-week high this week.

Source: Brian Hunt, Daily Wealth
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Re: Visa (V)

Postby winston » Thu Feb 04, 2010 8:07 am

Visa 1Q profit rises 33 percent, beats estimates

Visa fiscal 1st-quarter profit rises 33 percent on improved revenue, beats Street estimates

Visa Inc. on Wednesday said its profit rose 33 percent in the fiscal first-quarter on increased revenue, even as consumers pull back sharply on spending amid the recession.

The payment processing giant reported net income of $763 million, or $1.02 per share, compared with $574 million, or 74 cents per share a year ago.

Revenue growth was strong in all segments, climbing 13 percent to $1.96 billion from $1.74 billion a year ago, driven by strong growth in all revenue categories, particularly data processing revenues and international transaction revenues.

Analysts surveyed by Thomson Reuters expected 91 cents per share on revenue of $1.92 billion, on average.

The company's shares gained $2.39, or 2.9 percent, to $85.91 in aftermarket trading, after adding 49 cents to close at $83.52.

San Francisco-based Visa, operator of the world's largest retail electronic payments network, went public in March in the biggest U.S. IPO ever. The launch came just as the U.S. economy fell deeper into a recession that is turning out to be longer-lasting and more far-reaching than most analysts had expected.

The quarterly results beat the expectations Red Gillen, senior analyst with Boston-based Celent, a financial consultant. He said Visa is likely to see increased revenue from services and transactions as the economy continues to improve.

"Given that cards occupy an increasingly dominant space in marketwide retail payments, Visa's performance closely mirrors the overall economy," Gillen said.

Visa said payment volume for the period ended Dec. 31 grew 8.5 percent to $769 million.

Total cards carrying the Visa brands rose 5 percent worldwide to 1.8 billion, and processed transactions for the three months ended Dec. 31 grew 12 percent to 10.9 billion.

CEO Joseph Saunders said in a conference call with analysts that the improved results reflect a continued shift to electronic payments, particularly to debit cards, which saw a 17 percent increase in payment volume in the quarter from the year-ago period.

Debit transactions now make up 54 percent of total U.S. payment volume, the company said.

Saunders said that is a reflection of increased debit card use by U.S. consumers to pay for fuel and other recurring expenses, which is reflective of economic conditions pushing customers to rely less on credit.

Signs are encouraging that consumers are beginning to spend again both in the United States and in international markets, Saunders said, but he remained cautious on economic recovery.

The company said beginning this year, it was changing its reporting system to reflect payment volume in the current quarter. Previously, the company reported for the previous three months — a one quarter lag time. Service revenues will continue to be recognized based on payments volume in the prior quarter, Visa said.

The company said it expects 2010 revenue growth between 11 percent and 15 percent and earnings per share growth above 20 percent.

Rival MasterCard Inc. reports quarterly numbers on Thursday.

Source: AP News
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Re: Visa (V)

Postby iam802 » Mon May 03, 2010 10:27 pm

Senate aims to cap interest rates on credit cardholder... V is down.

----

Senatore Sheldon Whitehouse (D-R.I.) announced an amendment to the financial regulatory overhaul bill that would force national card issuers to comply with anti-usury laws in each state where their customers reside,t he Washington Post reports. The amendment is one of hundreds expected to be filed in the next few days as the Senate debates far-reaching legislation to revamp the nation's system of financial regulations.

Reference Link: http://www.washingtonpost.com/wp-dyn/co ... s_politics
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