Visa earnings beat expectations, but payments growth slowed in January, falling 3% after hours
Visa Inc (V) Releases Strong First Quarter Results, Beating Analysts' Estimates。
Visa Inc. (V) Releases Strong Fiscal First Quarter Results, Beating Analysts' Estimates。Visa reported net income of 86.$300 million, adjusted earnings per share of 2.$41, showing the resilience of the U.S. economy and consumers。The increase in the quarter was mainly due to the strong performance of credit card spending.。Visa also completed the acquisition of Pismo, further enhancing its core business and digital payments capabilities.。
While Visa's share price has outperformed the S & P 500 over the past year, three years, five years and ten years, its shares fell 3% in after-hours trading on Thursday after the latest quarterly report.。This may be because the company noted that payments growth slowed in January due to extreme weather conditions in the United States.。However, Visa's strengthening of future digital payment capabilities and the resilience it has shown over the past few years have kept it in the spotlight among investors.。
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