Visa Q1 2024 Adj EPS $2.41 Beats $2.34 Estimate, Sales $8.60B Beat $8.54B Estimate
Portfolio Pulse from Benzinga Newsdesk
Visa Inc. (NYSE:V) reported Q1 2024 adjusted earnings per share (EPS) of $2.41, surpassing the consensus estimate of $2.34 by 2.99%. Quarterly sales reached $8.60 billion, exceeding expectations of $8.54 billion by 0.71% and marking an 8.37% increase from $7.94 billion in the same period last year.
January 25, 2024 | 9:07 pm
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Visa Inc. reported higher-than-expected Q1 2024 earnings and sales, indicating a strong financial performance and potential investor confidence.
Visa's earnings and sales beat not only demonstrates the company's ability to outperform market expectations but also suggests a robust financial health. This typically leads to positive investor sentiment and can result in a short-term uptick in the stock price as the market reacts to the favorable news.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100