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
Visa Inc. A Stock
€296.40
0.560%
The stock is an absolute favorite of our community with 49 Buy predictions and no Sell predictions.
With a target price of 355 € there is a slightly positive potential of 19.77% for Visa Inc. A compared to the current price of 296.4 €.
