UPDATE: Visa (V) Reports Strong Q1 Results

(Update corrects EPS figure and headline)

Visa (NYSE: V) reported Q1 EPS of $0.86, $0.08 better than the analyst estimate of $0.78. Revenue for the quarter came in at $4.5 billion versus the consensus estimate of $4.29 billion.

Financial Outlook for Fiscal Full-Year 2017:

Visa Inc. affirms its financial outlook for the following GAAP metrics for fiscal full-year 2017:

• Client incentives as a percent of gross revenues: 20.5% to 21.5% range;
• Annual operating margin: Mid 60s; and
• Effective tax rate: Low 30s.

Visa Inc. updates its financial outlook for the following GAAP metrics for fiscal full-year 2017:

• Annual net revenue growth: 16% to 18% range on a nominal dollar basis, including 2.0 to 2.5 ppts of negative foreign currency impact; and
• Annual diluted class A common stock earnings per share growth: Low 30s on a GAAP nominal dollar basis and mid-teens on an adjusted, non-GAAP nominal dollar basis (see note below), both including 2.5 to 3.0 ppts of negative foreign currency impact.

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

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