After the market close on Thursday, the technology company reported adjusted earnings of 69 cents per share, compared to analysts' forecasts for earnings of 68 cents per share.
Revenue rose by 5% nominally year-over-year to $3.6 billion, slightly lower than analysts' forecasts for revenue of $3.62 billion. A strong U.S. dollar affected the company's revenue growth, Visa said.
Total processed transactions rose by 8% year-over-year to 19 billion during the quarter.
Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rates this stock as a "buy" with a ratings score of A-. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow.
You can view the full analysis from the report here: V