The shares of Visa Inc., America's largest multinational payment services company, correct at 210.00.
In its recent report for the third quarter, the corporation showed a 32% increase in net income to 3.4B dollars, which is significantly higher than 2.6B dollars a year earlier. According to management, the suspension of activities in the Russian Federation did not significantly affect revenue, which fell only 5% to 7.28B dollars, above the 7.08B dollars forecast by analysts. Earnings per share also rose to 1.98 dollars, up from 1.79 dollars a quarter earlier. According to the forecast for the fourth quarter, revenue will rise by another 10%, and its total annual growth will reach 20%.
The dividend payment is scheduled for September 1, and shareholders will receive 0.375 dollars per share, which is 0.71% of income. The shareholder register will be closed on August 11.
The trading instrument is kept within the global sideways channel, gradually approaching its upper border. A local signal to buy from technical indicators has already been received: indicator Alligator’s EMA oscillation range expands upwards, and the histogram of the AO oscillator is forming upwards bars in the positive zone.
Resistance levels: 217.00, 235.00. | Support levels: 203.50, 186.40.