Visa (V) Q2 Earnings Beat on Volume Growth & Consumer Spending

Visa Inc. (V) reported strong second-quarter fiscal 2024 results, which benefited from expanding payments volume, cross-border volume and processed transactions.Despite challenges, such as a high interest rate environment, more than average inflation level and concerns about the economic slowdown, resilient consumer spending and strong e-commerce trends supported Visa's performance. However, higher operating expenses and client incentives partially tempered the upside.Its earnings per share (EPS) of $2.51 o ...