Visa (V) shares are soaring today after reporting earnings and revenue that easily topped the Street consensus.
Getty Images
Visa reported a profit of 86 cents a shares, topping forecasts for 78 cents, on revenue of $4.5 billion, ahead of estimates for $4.3 billion.
After review Visa’s earnings, Cowen’s George Mihalos and team write that Visa is “everywhere investors should want to be.” They explain why:
Visa reported very robust F1Q results and raised its FY17 outlook when adjusting for an incremental 1pt of F/X headwinds. We are raising our....More>>>