Visa management just called out this region for its "many opportunities" ahead.
In what has surely become a familiar story for shareholders,
Visa Inc (NYSE:V) once again reported a stellar quarter late last month.
Looking over the company's numbers from its fiscal fourth-quarter earnings
release shows one result after another for which Visa delivered powerful
numbers. Net operating revenues rose to $4.9 billion, a 14% increase year over
year. Payment volume across Visa's vast network rose to $1.93 trillion, a 10%
increase year over year, driven by a 13% increase in processed transactions.
Plenty of this fell to the bottom line, where Visa showed a 14% increase in
diluted EPS to $0.90.
The solid results pushed Visa's stock price higher, and it's
now up more than 40% year to date, more than doubling the S&P 500's returns
this calendar year. While there are several factors currently fueling the
company's performance, after going through the conference call transcript
provided by S&P Global Market Intelligence, Visa's seamless integration
with Visa Europe is playing a huge role in its success. Let's take a closer
look at the results Visa is seeing in Europe that has so many investors bullish
on the company's future.
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