Payments giant Visa posted growth in payments volumes and got a boost, as can be expected, from its Visa Europe acquisition. In the wake of the recent announcement that CEO Charles Scharf would be resigning at the end of the year, Visa’s fourth quarter results showed some...
Third-quarter earnings were a slam-dunk for PayPal, which beat the street and announced a global partnership that bounced the stock price in after-hours trading. PayPal’s share price had been declining in early October, but the impressive numbers turned that around. But the biggest announcement, and...
American Express surprised analysts with its third quarter earnings announcement yesterday [October 19], and stock jumped significantly in after-hours trading. Adjusted earnings per share exceeded analysts’ predictions, and the company raised its guidance for the rest of the year. Chairman and CEO Kenneth Chenault said,...
Credit card giant American Express reported results that showed continued traction in consumer spending in the third quarter, with earnings of $1.20, up above estimates by $0.23. Revenues were just slightly above The Street at $7.8 billion versus $7.7 billion, and as has been widely...
Costco Wholesale, the warehouse club retailer, was able to post higher-than-expected profit for its fourth quarter, and it has lower fees to credit card partner Visa partly to blame. The other reason for the better-than-expected performance: Shoppers plunked down more cash for appliances, electronics and...
Results at USA Technologies (USAT) sent shares up roughly 3 percent on Tuesday (Sept. 13). The company posted a loss, adjusted for one-offs, of $0.04 a share, compared to Street estimates of a break-even bottom line. The firm’s top line was at a bit under $22 million, $700,000...
Barnes & Noble‘s latest quarterly results are out, and they are less than spectacular. Net losses clocked in at $14.4 million, or $0.20 per share. Also in the falling-figure category, sales were down 6.6 percent to $913.9 million, missing pre-earnings forecasts of $958 million by...
EMV rollout in the U.S. is not a simple undertaking, and the slow rollout is having a ripple effect on industry players because transition costs are huge. For companies such as Ingenico, the hope is that the initial cost outlays can be recouped and that...
It was another not-so-pretty quarter for J.Crew. The preppy clothing retailer announced that total revenue for its second quarter was down 4 percent to $569.8 million, or a loss of $8.6 million. J.Crew CEO Mickey Drexler attributed the disappointing quarter to a “challenging traffic environment.” Still,...
