By Rebecca Ungarino
Visa offered mixed financial results Tuesday, as earnings were shy of Wall Street estimates, but revenue came in ahead.
For the first three months of the year, Visa posted a profit of $4.6 billion, marking a 2% drop from the year-ago period and missing analysts' expectations for $5.24 billion.
The San Francisco-based firm reported earnings per share of $2.32, coming in below analysts' forecast for $2.66 a share, according to a FactSet survey. Visa stock rose 2% in after-hours trading Tuesday.
Adjusted for certain items, Visa's per-share earnings of $2.76 beat the $2.68 estimate. Revenue of $9.6 billion narrowly topped estimates; analysts expected $9.55 billion for its fiscal second quarter, which captures January through March.
Visa's stock has risen 8.7% in 2025 while the S&P 500 has declined 5%.
"Consumer spending remained resilient, even with macroeconomic uncertainty," Visa Chief Executive Ryan McInerney said in a statement.
Investors are set to hear more about the company's strategy for 2025 this week. Visa said its management will announce "new products, solutions and technology partners" tied to artificial intelligence and consumer spending at a company event on Wednesday.
A year ago Visa reported $4.66 billion of net income, or $2.29 per share, on revenue of $8.78 billion.
This story is developing. Please check back for updates.
Write to Rebecca Ungarino at rebecca.ungarino@barrons.com
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April 29, 2025 16:36 ET (20:36 GMT)
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