Reported 2 days ago
Visa reported quarterly profits surpassing Wall Street expectations, driven by an 8% rise in card payment volumes and unveiled a $30 billion share repurchase plan. The company's revenue grew by 9% to $9.6 billion, highlighting resilience in consumer spending despite economic challenges. Visa also increased its annual revenue growth forecast, positioning itself favorably against competitors like Mastercard and American Express.
Source: YAHOO