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Visa calls out ‘resilient' spending upon earnings beat, but its stock falls
VisaVisa(US:V) Market Watch·2024-01-26 05:52

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 4.9billion,or4.9 billion, or 2.39 a share, compared with net income of 4.2billion,or4.2 billion, or 1.99 a share, in the year-prior period. After adjustments, Visa V, +0.35% earned 2.41ashare,beatingtheFactSetconsensusview,whichwasfor2.41 a share, beating the FactSet consensus view, which was for 2.34 a share. Revenue rose to 8.63billionfrom8.63 billion from 7.94 billion, wherea ...