Visa: Fiscal Q1 Earnings Snapshot
By AP News
Published - Jan 25, 2024, 04:21 PM ET
Last Updated - Jan 25, 2024, 04:21 PM EST
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Visa Inc. (V) on Thursday reported fiscal first-quarter earnings of $4.89 billion.
On a per-share basis, the San Francisco-based company said it had profit of $2.39. Earnings, adjusted for one-time gains and costs, came to $2.41 per share.
The results topped Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $2.33 per share.
The global payments processor posted revenue of $8.63 billion in the period, which also topped Street forecasts. Thirteen analysts surveyed by Zacks expected $8.5 billion.
