Earnings Results: Visa earnings top expectations as payment volume rises 10% on travel rebound

by | Apr 25, 2023 | Stock Market

Shares of Visa Inc. rose 1.3% higher in after-hours trading Tuesday after the payment-technology giant easily topped profit expectations for its latest quarter and called out a continued recovery in travel spending. The company logged fiscal second-quarter net income of $4.26 billion, or $2.03 a share, compared with $3.65 billion or $1.70 a share, in the year-earlier quarter. On an adjusted basis, Visa V earned $2.09 a share, up from $1.79 a share a year before, while analysts tracked by FactSet were modeling $1.99 a share….

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