#Visa (NYSE:#V) shares rose over 2% in after-hours trading Tuesday after the #payment processor posted earnings and revenue that topped #WallStreet expectations for the fiscal Q2 2024.
The company recorded earnings per share (#EPS) of $2.51, beating the projected $2.44. Revenue came in at $8.78 #billion, also topping the estimated $8.62 #billion.
Payment volume grew 8% during the period, while cross-border volume excluding intra-Europe popped by 16%.
For the fiscal third quarter, Visa anticipates revenue growth in the low double-digits, with similar expectations for the full year.
For its third-quarter #EPS, Visa expects it to be at the high end of the low double-digits range, with full-year EPS growth expected in the low teens.
“Putting it all together, #Visa continues to demonstrate the resilience of its model and its ability to drive EPS growth in the teens at scale,” analysts at Goldman Sachs said in a note.
“With the stock trading in-line with its historical average multiple, a discount to its historical average multiple versus an equal weight S&P, and with shares lagging the market YTD, we believe F2Q results should be supportive for #thestock,” they added.
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