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David Sims is a full-time independent analyst and contributor on popular investment sites such as Seeking Alpha. David covers distressed equities and activist investing campaigns most recently. In the past, covered topics included covered call trading and the housing market. David is Certified... More
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  • Light Revenue Pushes Visa Down After-Hours 0 comments
    Apr 24, 2014 5:25 PM | about stocks: V

    Visa (NYSE:V) reported earnings after-hours, beating expectations by a wide margin. However, revenue was light in comparison to expectations and shares traded down about 4.59%, or $9.62.

    Earnings actually rose 26% for the quarter going from $1.92 to $2.52 from one year to the next. Revenue rose 7% from the prior year, but the reported $3.16 billion figure missed expectations of $3.24 billion.

    (click to enlarge)

    V data by YCharts

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: V
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