Earnings Results
Visa continues to benefit from increased travel and sees more room for recovery
Visa shares have gained more than 10% so far in 2023.
Associated Press
Shares of Visa Inc. rose 1.3% higher in after-hours trading Tuesday after the payment-technology giant easily topped profit expectations for its latest quarter and called out a continued recovery in travel spending.
The company logged fiscal second-quarter net income of $4.26 billion, or $2.03 a share, compared with $3.65 billion or $1.70 a share, in the year-earlier quarter. On an adjusted basis, Visa V earned $2.09 a share, up from $1.79 a share a year before, while analysts tracked by FactSet were modeling $1.99 a share….
