Visa (V) Q3 Earnings Beat on Processed Transactions, Sales Miss
VVisa(V) ZACKS·2024-07-25 01:21

Visa Inc. (V) reported strong third-quarter fiscal 2024 earnings, which benefited from expanding processed transactions and cross-border volume. Its earnings per share (EPS) of 2.42outpacedtheZacksConsensusEstimatebyapenny.Thebottomlinerose122.42 outpaced the Zacks Consensus Estimate by a penny. The bottom line rose 12% year over year. However, higher operating expenses and client incentives partially tempered the upside.Net revenues improved 10% year over year to 8.9 billion in the quarter under review. However, the top line missed the consensus mark by 0.1%, a rare f ...