NEW YORK (TheStreet) -- Visa (V) shares are falling, down -1.5% to $206.22 in after-market trading on Thursday following the release of the company's second quarter earnings report.
Total operating revenue for the quarter was up 7% over the previous year to $3.16 billion, missing analysts estimates of $3.2 billion
Net income for the quarter was $1.6 billion, up 26% from the same period in 2013, or $2.52 per share, a 31% increase from last year's EPS.
"Our underlying business drivers remained strong during the fiscal second quarter with payments volume continuing to grow at solid levels," said CEO Charlie Scharf.
TheStreet Ratings team rates VISA INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate VISA INC (V) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. 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, growth in earnings per share, increase in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."
Highlights from the analysis by TheStreet Ratings Team goes as follows: