Visa Sees No Sign of a Slowdown
Here's our initial take on 's (NYSE: V) latest financial report.
Visa beat top- and bottom-line expectations for the quarter, reporting solid 14% revenue growth and 23% earnings-per-share growth. Processed transactions grew by 10% in the quarter, and payments volume grew by 9%, a faster pace than what was reported three months ago, suggesting the consumer is holding up better than some had feared.
CEO Ryan McInerney called consumer spending "resilient" in terms of both discretionary and nondiscretionary transactions and said that strength has continued since the quarter closed.
Source Fool.com
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