Visa rides a wave of spending to an earnings beat

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Visa shares gained more than 1% in after-hours trading Thursday after the financial-technology powerhouse topped earnings and revenue expectations for its...

Visa shares gained more than 1% in after-hours trading Thursday after the financial-technology powerhouse topped earnings and revenue expectations for its latest quarter.

Revenue... Visa shares gained more than 1% in after-hours trading Thursday after the financial-technology powerhouse topped earnings and revenue expectations for its latest quarter. Outgoing Chief Executive Al Kelly, who will step down from his role at the start of February, noted that the company benefited from a “continued cross-border travelDuring the December-ending quarter, Visa bought back 15.6 million shares of its class A stock at an average price of $198.74, for a total of $3.1 billion. The company had $14.0 billion left on its buyback authorization as of the end of 2022.

 

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