Visa Numbers Looking Good Enough Ahead (V, MA)

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By Douglas A. McIntyre Updated Published

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Visa, Inc. (NYSE: V) has posted earnings of $0.71 EPS and $1.6 billion in net operating revenues.  Thomson Reuters had estimates at $0.64 EPS and $1.61 billion in revenues.   This appears to be good enough for even MasterCard Incorporated (NYSE: MA) on the surface.

The company said that revenue growth would be the high single digits in 2009 and at the low-end of a 11% to 15% range for 2010. The company hinted that it would sell securities after an S-3 filing comes within the next 10 days, but it stressed that no specific plans were in place to immediately raise cash.

We could go on and on about the metrics, but there is really just one question in all of this. Is that growth ahead good enough for today’s environment if you consider that it is lower?

Shares closed up 4.6% at $63.51 today and the initial response has shares up an additional 1% in the after-hours session. MasterCard closed up over 6% today at $178.21, and shares are flat after-hours.

JON C. OGG

Contact [email protected] for any questions or corrections.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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