Visa beats by $0.10, reports revs in-line; raises EPS, reaffirms sales guidance (125.72 +1.49)
- Reports Q1 (Dec) earnings of $1.08 per share, excluding non-recurring items, $0.10 better than the Capital IQ Consensus of $0.98; revenues rose 9.0% year/year to $4.86 bln vs the $4.82 bln Capital IQ Consensus. Payments volume +10%; cross border +9%, transactions +12%.
- Reaffirms FY18 rev up high single digits with 50-100 bps FX tailwind; incentives 21.5-22.5% of rev; raises EPS growth to high end of mid-20s form high end of mid teens.