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Visa's stock up 2% on earnings beat; card giant says consumers are 'resilient'

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‘Confident in our ability to deliver against a backdrop of geopolitical and economic uncertainty,’ Visa says

Visa Inc.’s shares rose 2% in the extended session Tuesday after the company reported quarterly results that topped Wall Street views, saying consumer spending was “resilient.”

Visa V, +1.35% logged adjusted earnings per share of $2.33, whereas analysts tracked by FactSet were expecting $2.25.“Throughout the year, we have seen resilient consumer spending, ongoing recovery of cross-border travel spend versus 2019 and continued growth across our new flows and value-added services businesses,” Visa Chief Executive Ryan McInerney said in a statement.

Visa saw a 9% increased in payments volume for the September quarter, along with a 10% boost in processed transactions.

 

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