Shares of Visa (V -1.70%) were falling today after the credit card processing giant posted a narrow beat on the top and bottom lines in its first-quarter earnings report, but it wasn't enough to impress investors. Rival American Express also delivered a strong earnings report this morning, which investors may have interpreted as a sign that AmEx is outperforming Visa. Concerns about the global economy also seemed to weigh on the stock.As of 12:14 p.m. ET, Visa stock was down 1.6% after falling as much as 2. ...

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 ...

Visa Inc (NYSE:V) has cited “resilient consumer spending” as aiding an increase in revenue and net income over the first quarter. Reporting on Thursday, the card payment services giant said revenue had climbed 9% to US$8.6 billion during the three months to December compared to a year earlier. Net income increased by 17% to US$4.9 billion meanwhile, with earnings per share jumping by a fifth to US$2.39. “Consumer spending remained resilient,” chief executive Ryan McInerney commented, in spite of pressures o ...

Although past results don't necessarily predict future returns, we can look back to figure out how things might fare moving ahead. With this perspective, Visa (V 0.35%) could continue to outperform.In the last decade, the payments company has seen its shares rise nearly fivefold, a gain that crushes the S&P 500. Can this financial stock continue its unstoppable track record in the next few years?Dominating the payments landscapeVisa makes money by collecting fees from merchants when they accept one of the c ...

Visa’s fiscal first quarter results pointed to continued growth in consumer spending — particularly on travel — though growth rates are slowing.Management, however, noted that growth rates in new payments flows and value-added services are outpacing the transaction growth seen in credit and debit conduits.Investors sent the shares down about 3% after hours.The company’s latest earnings supplementals and commentary from the Thursday (Jan. 25) conference call show that overall payments volume increased 8% in ...

Visa Inc. (NYSE:V) Q1 2024 Earnings Conference Call January 25, 2024 5:00 PM ET Company Participants Jennifer Como - Senior Vice President and Global Head of Investor Relations Ryan McInerney - Chief Executive Officer Chris Suh - Chief Financial Officer Conference Call Participants Tien-Tsin Huang - JPMorgan Dan Perlin - RBC Capital Markets Craig Maurer - FT Partners Sanjay Sakhrani - KBW Ken Suchoski - Autonomous Research Harshita Rawat - Bernstein Bryan Keane - Deutsche Bank Andrew Jeffrey - Truist Securi ...

Visa (V) reported $8.63 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 8.8%. EPS of $2.41 for the same period compares to $2.18 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $8.5 billion, representing a surprise of +1.52%. The company delivered an EPS surprise of +3.43%, with the consensus EPS estimate being $2.33.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expect ...

Key TakeawaysVisa's Q4 earnings at $4.9 billion, or $2.39 per diluted share, beat analyst expectations.The company's revenue grew 9% to $8.6 billion.Robust consumer spending drove up payments volumes by 8%.Visa Inc. (V)'s first quarter results for fiscal year 2024 beat analyst expectations bolstered by credit card transaction volumes due to robust consumer spending. The company's shares are down 2.42% in after-hours trading.Net income of $4.9 billion, or $2.39 per diluted share, was up versus the $4.7 billi ...

Visa Inc. shares were dipping in after-market trading Thursday, though the payments giant beat with its latest earnings during a period of “resilient” spending.The company generated fiscal first-quarter net income of $4.9 billion, or $2.39 a share, compared with net income of $4.2 billion, or $1.99 a share, in the year-prior period. After adjustments, Visa V, +0.35% earned $2.41 a share, beating the FactSet consensus view, which was for $2.34 a share. Revenue rose to $8.63 billion from $7.94 billion, wherea ...

Loading...Loading...Visa, Inc V was trading mostly flat Thursday as the company heads into its quarterly report after the close.When Visa printed a fourth-quarter earnings beat on Oct. 24, 2023, the stock was volatile the following day but closed up 0.94% before declining about 3% over the subsequent two trading days.For that quarter, Visa reported quarterly earnings of $2.33 per share on sales of $8.61 billion, which beat the analyst consensus estimate of $2.24 and the $8.55-billion sales estimate.For the ...