Visa (V) Q1 Earnings Beat Estimates on Payments Volume Growth

Visa Inc. (V) reported first-quarter fiscal 2024 earnings per share of $2.41, which outpaced the Zacks Consensus Estimate of $2.33 by 3.4%. The bottom line rose 11% year over year.Net revenues improved 9% year over year to $8.6 billion in the quarter under review. The top line beat the consensus mark by 1.5%.The quarterly results benefited on the back of expanding payments volume, cross-border volume and processed transactions. Strong consumer spending and a decline in overall expenses drove Visa’s performa ...