Investing.com - Visa (NYSE:V) reported on Thursday first quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Visa (NYSE:V) announced earnings per share of $1.46 on revenue of $6.05 billion. Analysts polled by Investing.com anticipated EPS of $1.46 on revenue of $6.07 billion.
That compares to EPS of $1.30 on revenue of $5.51 billion in the same period a year before. Visa had reported EPS of $1.47 on revenue of $6.14 billion in the previous quarter. Analysts are expecting EPS of $1.46 and revenue of $6.1 billion in the upcoming quarter.
Visa (NYSE:V) shares are up 10% from the beginning of the year and are trading at $204.00 , still down 0.95% from its 52-week high of $210.13 set on January 22. They are outperforming the Dow 30 which is up 0.77% year to date.
Visa (NYSE:V) shares lost 1.98% in after-hours trade following the report.
Visa (NYSE:V) follows other major Services sector earnings this month
Visa's report follows an earnings beat by Amazon.com on Thursday, who reported EPS of $6.47 on revenue of $87.44B, compared to forecasts EPS of $4.05 on revenue of $85.97B.
AT&T had beat expectations on Wednesday with fourth quarter EPS of $0.89 on revenue of $46.82B, compared to forecast for EPS of $0.88 on revenue of $46.95B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar