Visa Stock Drops After Massive Earnings News
VisaVisa(US:V) The Motley Fool·2024-07-24 19:20

Visa is still growing, but investors may have overestimated the company's potential.The stock market had a rough day on Wednesday and Visa (V -3.87%) didn't help the cause. It reported fiscal third-quarter earnings results after the bell on Tuesday. Shares fell as much as 4.4% early in trading Wednesday and were down 4.1% as of 1 p.m. ET. Quarterly results fall shortNet revenue was up 10% to $8.9 billion and net income jumped 17% to $4.9 billion, or $2.42 per share. Earnings were in line with expectations b ...