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Visa beats by $0.11, beats on revs; reaffirms FY08-10 rev & EPS growth outlook, raises operating margin guidance

Briefing.com

Posted: 2008-07-30 16:23:00

Reports Q3 (Jun) earnings of $0.59 per share, $0.11 better than the First Call consensus of $0.48; revenues rose 18.2% year/year to $1.61 bln vs the $1.55 bln consensus. V reaffirms FY08-10 rev growth outlook of 11-15%; raises FY08-10 op margin guidance. V reaffirms FY08-10 rev growth outlook of 11-15% and annual adjusted diluted EPS growth of 20% or greater. Raises FY08 adjusted operating margin expectation to the mid 40%'s range. Co raises its outlook for FY 2009 and 2010 to annual adjusted operating margin in the mid-to-high 40%'s range. Total processed transactions, which are based on current fiscal third quarter results on Visa's processing system, were 9.5 billion, a 13% increase over the prior year.

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MJWLKW 09:20:08 PM Jul 30 2008

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THE STOCK TO BUY FOR A SHORT TIME IS (PJA) FOR ITS DIVIDEND PAYS $1.00 ON THE 15TH OF AUGUST--THEN BACK OFF FOR A PROFIT FROM SOME OTHER DIVIDEND --A TRUST STOCK THROUGH Q-WEST FIND IT IN THE PERFFERED STOCKS---VISA IS A SOUND CURRENCY

MJWLKW 09:14:58 PM Jul 30 2008

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CRAMER HAD AN NASTY TASTE ABOUT THIS STOCK -COMPARED TO MASTERCARD--WELL CRAMER IS ALWAYS NOT RIGHT OR HAVE MANY FOUND THIS OUT OF LATE? HE PUSHES STOCK OF LESSER VALUE TO HEED HIS PORTFOLIO...CRAZY BOOYAA TO HIM

MJWLKW 09:08:27 PM Jul 30 2008

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THINK THAT ALL OF THE PROFITS COME FROM THE UNITED STATES? THIS STOCK WILL HIT $100 BEFORE DROPPING BELOW $80...EUROPE SPENDS MORE ON COMMERCIALS THEN WE DO...WONDER WHY SO MANY HAVE A NEGATIVE OUT LOOK ON THIS FAVORABLE VENUE ? GO VISA (BLUE) IN THE BLACK