On Thursday, Shares of Visa Inc (NYSE:V), lost -0.44% to $71.65.
Visa, declared financial results for the Companys fiscal third quarter 2015. GAAP net income for the quarter, inclusive of a non-cash, non-operating expense related to an adjustment in the Companys fair value of its Visa Europe put option, was $1.7 billion or $0.69 per share. These results also comprise a tax benefit of $280 million resulting from the successful resolution of uncertain tax positions with taxing authorities. All references to earnings per share assume fully-diluted class A share count unless otherwise noted.
Not taking into account the $110 million non-cash, non-operating expense recorded upon remeasurement of the Visa Europe put option, adjusted net income for the quarter was $1.8 billion, an enhance of 33% over the preceding year, or $0.74 per share, an enhance of 36% over the preceding year. The change in the fair value of the Visa Europe put option was a result of our quarterly revaluation required by U.S. GAAP. The Companys adjusted quarterly net income and earnings per share are non-GAAP financial measures that are reconciled to their most directly comparable GAAP measure in the accompanying financial tables.
Visa Inc., a payments technology company, operates as a retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.
Shares of Mastercard Inc (NYSE:MA), declined -1.79% to $95.15, during its last trading session.
HomeSend and Azimo, declared the launch of new mobile wallet services in ten countries throughout Africa and Asia-Pacific – reaching millions of mobile money subscribers. Azimo customers in 20 European countries are now be able to send funds to mobile money accounts of loved ones in Armenia, Burkina Faso, Fiji, Ghana, Indonesia, Kenya, Nepal, Nigeria, the Philippines and Somaliland.
HomeSend, the global remittance hub, is a service that bridges the gap between various entities globally such as financial institutions, non-financial entities and mobile network operators. Through HomeSend, Azimo customers will be able to conveniently send money directly – and in real-time – to a recipient’s mobile money account linked to their mobile number as compared to having to send funds via an over-the-counter agent or directly to a bank account.
MasterCard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company facilitates the processing of payment transactions, counting authorization, clearing, and settlement, in addition to delivers related products and services.
Finally, Rockwell Automation (NYSE:ROK), ended its last trade with -2.00% loss, and closed at $117.90.
Rockwell Automation, was planned to release its fiscal 2015 third quarter results on July 29 before the market opens.
A conference call to talk about the quarterly results will be held at 8:30 a.m. Eastern Standard Time on July 29. This call will be audio webcast and accessible on the Rockwell Automation website. Presentation materials will also be accessible on the website preceding to the call.
Rockwell Automation, Inc. provides industrial automation power, control, and information solutions. The company operates through two segments, Architecture & Software and Control Products & Solutions. The Architecture & Software segment provides control platforms, counting controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers that perform multiple control disciplines and monitoring of applications, such as discrete, batch and continuous process, drives control, motion control, and machine safety control.
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