Why Visa Stock Popped After Earnings Today

Visa (NYSE: V) stock enjoyed modest gains on Wednesday, rising 3.5% through 1:30 p.m. ET after beating analyst forecasts for fiscal Q4 2024 earnings last night.Wall Street had Visa pegged for a $2.58 per share "adjusted" profit on sales of $9.5 billion. Visa reported $2.71 per share, adjusted, and $2.65 per share as calculated, according to generally accepted accounting principles (GAAP), with $9.6 billion in revenue, beating on both top and bottom lines. Revenues grew 12% year over year in Q4, accelerating Visa's 10% pace of revenue growth over the entirety of the year. GAAP profits grew 17% both in the quarter and in the year, with Visa wrapping up 2024 with a full-year profit of $9.73 per share. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool