Visa (V) Tops Q1 EPS by 4c; Approves 4-for-1 Stock Split

Visa (NYSE: V) reported Q1 EPS of $2.53, $0.04 better than the analyst estimate of $2.49. Revenue for the quarter came in at $3.4 billion versus the consensus estimate of $3.35 billion.

“Visa kicked-off fiscal 2015 delivering another solid quarter of revenue and earnings growth. While the challenges of the macro global environment don’t seem to abate, our results have remained consistent and reflect the strength and underlying resilience of our business model,” said Charlie Scharf, Chief Executive Officer of Visa Inc. “Our focus remains squarely on investing in our long-term strategic initiatives, driving new technologies and ways to pay as we continue to work collaboratively with governments, issuers, acquirers, and merchant partners.”

The Company also announces its board of directors has authorized a four-for-one stock split. Trading will begin on a split-adjusted basis on March 19, 2015.

For earnings history and earnings-related data on Visa (V) click here.

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