Visa Shares Dip After Slight Q3 Revenue Miss: Here's The Details
Portfolio Pulse from Erica Kollmann
Visa, Inc. (NYSE:V) reported its Q3 financial results, with earnings per share meeting expectations but revenue slightly missing estimates. Despite a 9.57% increase in sales year-over-year, shares dipped 2% after-hours. Key metrics showed growth in payments volume, cross-border volume, and processed transactions. Visa also repurchased 17.2 million shares and declared a quarterly dividend.
July 23, 2024 | 8:44 pm
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Visa reported Q3 earnings that met expectations but slightly missed revenue estimates, leading to a 2% dip in after-hours trading. Key metrics showed growth in payments volume, cross-border volume, and processed transactions. Visa also repurchased 17.2 million shares and declared a quarterly dividend.
The slight revenue miss, despite meeting earnings expectations, led to a 2% dip in after-hours trading. The growth in key metrics and share repurchase are positive, but the market reacted to the revenue miss.
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