Cross-border results slowed, and various currencies were headwinds to at least some international results, but spending on cards continued as Visa posted earnings that topped — and revenues that met — fiscal Q2 expectations. CEO Alfred Kelly pointed toward long-term opportunities in Europe, India and...
Payments app Venmo reached 40 million users at the end of Q1. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...
Revenue for telecommunications giant AT&T missed Wall Street expectations on Wednesday (April 24), due to a loss in subscribers throughout all of its various businesses besides wireless, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and...
The expectations for eCommerce giant eBay’s quarter may have been muted, and so the company’s latest quarterly results were better than expected. In terms of the headline numbers, eBay, which has been in the midst of a restructuring program, posted a top line of $2.6...
The big banks have kicked off earnings season. One common theme has been the consumers’ continuance to spend. Across cards, across debits and credit, amid a strong economy, marked by wage growth and low unemployment, it seems the engine that drives the U.S. economy has been...
American Express, in reporting its latest quarterly results, showed evidence Thursday (April 18) morning that consumer spending remains resilient, even having navigated the bumps of the prolonged government shutdown that came early in the quarter. Get the Full Story Complete the form to unlock this...
Blockchain got a few mentions during IBM’s conference call with analysts after earnings were released Tuesday (April 16) after the markets closed. Artificial intelligence (AI) got more exposure, tied in part to the continuing strategy of embracing the cloud. Get the Full Story Complete the form...
Bank of America (BoA) missed on revenue when it reported its Q1 earnings on Tuesday (April 16) and predicted net interest income would rise half as fast this year, both of which combined to send shares down 2.7 percent when markets opened this morning. BoA...
Netflix’s first quarter earnings results showed the highest net additions of subscribers measured on a quarterly basis at 9.6 million new subscribers, up 8 percent year on year. That came in above the 8.9 million that had been expected. Get the Full Story Complete the...
