Investing.com - Visa (NYSE:V) A reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.31 on revenue of $5.49B. Analysts polled by Investing.com anticipated EPS of $1.24 on revenue of $5.46B. That compared to EPS of $1.11 on revenue of $5.07B in the same period a year earlier. The company had reported EPS of $1.3 on revenue of $5.51B in the previous quarter.
Visa A shares lost 1.08% to trade at $159.80 in after-hours trade following the report.
For the year, Visa A shares are up 22.43%, outperforming the Dow 30 which is up 15.35% year to date.
Visa A follows other major Services sector earnings this month
On Tuesday, Verizon reported first quarter EPS of $1.2 on revenue of $32.13B, compared to forecasts of EPS of $1.17 on revenue of $32.15B.
AT&T earnings matched analyst's expectations on Wednesday, with first quarter EPS of $0.86 on revenue of $44.83B. Investing.com analysts expected EPS of $0.86 on revenue of $45.13B
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