Visa Exceeds Expectations While Kraft Heinz Misses Revenue Targets

Reported 27 days ago

Visa's stock rose after it reported better-than-expected earnings in its fiscal fourth quarter, fueled by increased cross-border transactions. In contrast, Kraft Heinz saw its shares plummet following a third-quarter revenue miss, which the company attributed to decreased demand for meal kits and snacks, marking its sixth consecutive quarterly sales miss.

Source: YAHOO

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