Why Visa Stock Popped After Earnings Today
Visa (NYSE: V) stock enjoyed modest gains on Wednesday, rising 3.5% through 1:30 p.m. ET after beating analyst forecasts for fiscal Q4 2024 earnings last night.
Wall Street had Visa pegged for a $2.58 per share "adjusted" profit on sales of $9.5 billion. Visa reported $2.71 per share, adjusted, and $2.65 per share as calculated, according to generally accepted accounting principles (GAAP), with $9.6 billion in revenue, beating on both top and bottom lines.
Revenues grew 12% year over year in Q4, accelerating Visa's 10% pace of revenue growth over the entirety of the year. GAAP profits grew 17% both in the quarter and in the year, with Visa wrapping up 2024 with a full-year profit of $9.73 per share.
Source Fool.com
Visa Inc. A Stock
€316.05
-0.220%
With 44 Buy predictions and not a single Sell prediction Visa Inc. A is an absolute favorite of our community.
As a result the target price of 346 € shows a slightly positive potential of 9.48% compared to the current price of 316.05 € for Visa Inc. A.
