Wall Street is looking for earnings of $2.01 per share and net revenue of $4.42 billion.
The company reported net revenue of $4.10 billion for this year's second quarter, and an adjusted net income of $1.90 billion, or $1.89 per share. Net revenue grew by 12% year over year during the second quarter in part due to an increase in switched transactions, cross-border volumes and gross dollar volume.
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S&P 500 heads for record as earnings reports signal a recession is nowhere near'Of the S&P 500 companies that have reported over the last month, just 32 mention recession on their calls,' says Nick Mazing of Sentieo. And then there is reality... Q1 GDP 3.1% Q2 GDP 2.0 % Q3 GDP forecasted at 1.5% By definition a recession is 2 or more quarters of negative GDP growth. We are not there yet but certainly moving in that direction A LOT of stocks tanked this earnings season with flat and negative revenue growth ?
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