- Visa is higher in after hours trading after topping profit estimates with it FQ1 report by a penny.
- Payments volume was up 12% on a constant-dollar basis to $1.3T.
- Cross-border volume growth +4% Y/Y.
- Total processed transactions rose 8% to 19B.
- Total operating expenses increased +2% to $1.2B.
- Guidance: Revenue is expected to grow in 2016 at a high single-digit to low double-digit rate on a constant dollar basis. F/X is expected to cut into the reported number by three full percentage points.
- Previously: Visa beats by $0.01, misses on revenue (Jan. 28)
- V +2.38% after hours to $71.00.