Visa (V) Tops Q2 EPS by 2c, Offers Guidance

Visa (NYSE: V) reported Q2 EPS of $2.20, $0.02 better than the analyst estimate of $2.18. Revenue for the quarter came in at $3.16 billion versus the consensus estimate of $3.19 billion.

Financial Outlook:

Visa Inc. updates its financial outlook for the following metrics for fiscal full-year 2014:

Annual net revenue growth: Low double-digit constant revenue growth in the 10-11% range, with an expectation of two percentage points of negative foreign currency impact; and
Annual operating margin: Low to mid 60s.

Visa Inc. affirms its financial outlook for the following metrics for fiscal full-year 2014:

Client incentives as a percent of gross revenues: 16.5% to 17.5% range;
Annual diluted class A common stock earnings per share growth: Mid to high teens; and
Annual free cash flow: About $5 billion.

Visa Inc. provides its financial outlook for the following metric for fiscal full-year 2014:

Tax rate: Approaching 30%.

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

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