Visa (V) reports better-than-expected Q1 earnings
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Visa's tepid revenue outlook clouds profit beat, shares drop
January 25, 2024 4:12 PM ESTBy Manya Saini
(Reuters) -Visa's tepid forecast for current-quarter revenue growth on Thursday eclipsed a market-beating earnings report that was powered by customers swiping their cards for big purchases during the holiday shopping period and robust travel.
Even so, executives at Visa struck an optimistic tone over the outlook for spending across the year.
Severe winter storms that hit the U.S. have weighed on volumes at the start of the year, CFO Chris Suh said in an interview with... More
Visa (V) Tops Q1 EPS by 7c
January 25, 2024 4:08 PM ESTVisa (NYSE: V) reported Q1 EPS of $2.41, $0.07 better than the analyst estimate of $2.34. Revenue for the quarter came in at $8.6 billion versus the consensus estimate of $8.55 billion.
For earnings history and earnings-related data on Visa (V) click here.
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