Tag: Visa Inc. Cl A
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Visa earnings benefit from ‘resilient’ spending, though stock dips as growth slows
[ad_1] Visa Inc. called out robust spending trends as the payment-technology giant topped earnings and revenue expectations for its latest quarter, though its shares ticked lower after Tuesday’s report. The company logged a 9% increase in payments volume during the June quarter, along with a 10% increase in processed transactions. “The consumer is resilient and…
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Visa earnings top expectations as payment volume rises 10% on travel rebound
[ad_1] Shares of Visa Inc. rose 1.3% higher in after-hours trading Tuesday after the payment-technology giant easily topped profit expectations for its latest quarter and called out a continued recovery in travel spending. The company logged fiscal second-quarter net income of $4.26 billion, or $2.03 a share, compared with $3.65 billion or $1.70 a share,…