Visa (NYSE:V) reported stronger-than-expected fiscal third-quarter results on Tuesday, with double-digit revenue growth supported by resilient consumer spending and continued strength in cross-border payment activity.
The global payments company posted adjusted earnings of $3.32 per share, exceeding **** ysts' consensus estimate of $3.22. Revenue increased to $11.6 billion, ahead of the expected $11.38 billion.
The results highlighted continued momentum in both consumer and commercial spending, with higher payment volumes, increased cross-border transactions and growth in processed payments helping Visa outperform Wall Street forecasts.
Despite the earnings beat, Visa shares traded modestly lower in pre-market trading on Wednesday as investors **** sed the company's announcement that it plans to reduce its workforce by approximately 2,600 employees, representing around 7% of its global staff.
The job reductions are expected to be concentrated within the company's technology and product teams.
#expected #revenue #Growth
The global payments company posted adjusted earnings of $3.32 per share, exceeding **** ysts' consensus estimate of $3.22. Revenue increased to $11.6 billion, ahead of the expected $11.38 billion.
The results highlighted continued momentum in both consumer and commercial spending, with higher payment volumes, increased cross-border transactions and growth in processed payments helping Visa outperform Wall Street forecasts.
Despite the earnings beat, Visa shares traded modestly lower in pre-market trading on Wednesday as investors **** sed the company's announcement that it plans to reduce its workforce by approximately 2,600 employees, representing around 7% of its global staff.
The job reductions are expected to be concentrated within the company's technology and product teams.
#expected #revenue #Growth
3 months ago
