QuickStockAnalysis.com

Visa (stock quote: V) posted better than expected results, reporting quarterly income of $314 million, beating analyst expectations. Nevertheless, as the market expected more than Visa could possibly deliver, their price shares falled 6% to 71.00 in the after-hours market.

The potential for slowing growth due to the global slowdown in the economy were enough to drag Visa´s shares down. On Tuesday 29, the premarket was generous to Visa as Mastercard´s great announcement helped investors to recover some confidence in the credit card business, sending Visa shares up to 74.30.

Visa had a slightly lower outlook than expected, as their growth rate will be between 11 and 15%, and not 17% as some analysts predicted.

On the other hand, Mastercard (stock tocker: MA), known for it´s incredible gain of 580% since it went public some years ago, posted earning that doubled in comparison with last year first quarter. This achievement was helped by currency gains and the sale of a stake in a Brazilian credit card services company.

MA´s earnings per share (EPS) totaled $2.59 beating the $2 predicted by analysts by far. This news is currently sending Master´s share price 9% up to 264.45, helping Visa to recover it´s lost yesterday after their report.

What to expect in the following months? Difficult to say, but in the long run, Visa and Mastercard will probably continue growing and profiting investors.