Despite rising payment volumes and international revenue growth, Visa’s latest earnings make Bidness Etc less bullish on the stock, given that other card companies delivered stronger results.
Visa Inc. (V), the world’s largest payment processing company by revenues, reported its fourth quarter (4Q) earnings for fiscal year (FY) 2013 on October 30. The results were modest and failed to capture the interest of investors, who were expecting a stellar performance.
Given that card service companies have performed quite well in recent quarters. The share price of Visa fell 2% following its earnings release. AXP.
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