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Bloomberg.com: Visa Earnings Exceed Estimates Amid Consumer Spending on Cards
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Heartspace News Desk
•Source: Bloomberg.com
Photo by CardMapr.nl on Unsplash
TL;DR
Visa's fiscal fourth-quarter earnings surpassed expectations, driven by consistent worldwide consumer spending on Visa cards, as reported by Bloomberg. Their adjusted net income rose to $5.8 billion, a 7% increase from the previous year, resulting in an adjusted earnings per share of $2.98, slightly above analyst predictions.
Key takeaways
- reported fiscal fourth-quarter earnings that exceeded analyst expectations, fueled by sustained global consumer spending on its cards, according to a Bloomberg report
- The company's adjusted net income reached $5
- 8 billion, representing a 7% increase year-over-year
Visa Inc. reported fiscal fourth-quarter earnings that exceeded analyst expectations, fueled by sustained global consumer spending on its cards, according to a Bloomberg report. The company's adjusted net income reached $5.8 billion, representing a 7% increase year-over-year. Consequently, adjusted earnings per share (EPS) amounted to $2.98, marginally surpassing the consensus analyst estimate of $2.97 per share.
Related Topics
Visaearningsconsumer spendingcredit cardsfintech
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