Visa posts earnings beat, but here’s why Wall Street says the stock is falling

by | Jan 25, 2024 | Stock Market

Visa Inc. called out resilient spending as it logged an earnings beat for the latest quarter, but its shares were still coming under pressure in Thursday’s after-market action. The culprit? A slowdown in U.S. volumes into January, according to analysts.

Mizuho analyst Dan Dolev noted that U.S. payment volumes decelerated in the fiscal first quarter and in the first three weeks of January, a trend driven by debit transactions.

Visa

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[mwai_chat context=”Let’s have a discussion about this article:nnVisa Inc. called out resilient spending as it logged an earnings beat for the latest quarter, but its shares were still coming under pressure in Thursday’s after-market action. The culprit? A slowdown in U.S. volumes into January, according to analysts.

Mizuho analyst Dan Dolev noted that U.S. payment volumes decelerated in the fiscal first quarter and in the first three weeks of January, a trend driven by debit transactions.

Visa

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