Visa Faces Continued Softer Macro Trends: These 7 Analysts Dive Into Q3 Results
Portfolio Pulse from Priya Nigam
Visa Inc (NYSE:V) shares dropped nearly 4% after reporting fiscal Q3 results. Despite surpassing non-GAAP earnings expectations, Visa's revenue slightly missed estimates. Analysts have mixed views, with some lowering price targets due to softer macro trends and weaker volumes, particularly in APAC. Management remains cautious about the macro environment, impacting investor sentiment.
July 24, 2024 | 4:23 pm
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Visa Inc reported fiscal Q3 results with revenues slightly missing expectations but non-GAAP earnings surpassing them. Analysts have mixed views, with some lowering price targets due to softer macro trends and weaker volumes, particularly in APAC. Management's cautious outlook on the macro environment has led to a nearly 4% drop in share price.
Visa's Q3 results showed a slight revenue miss and weaker volumes, particularly in APAC, which led to a nearly 4% drop in share price. Analysts have mixed views, with some lowering price targets due to softer macro trends. Management's cautious outlook on the macro environment further impacts investor sentiment.
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