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Visa's quarterly profit beats estimates as consumer spending remains strong

2023-10-25 04:29
Visa's fourth-quarter profit beat estimates on Tuesday as consumers undeterred by inflation and a cost-of-living crisis continue to
Visa's quarterly profit beats estimates as consumer spending remains strong

Visa's fourth-quarter profit beat estimates on Tuesday as consumers undeterred by inflation and a cost-of-living crisis continue to swipe cards to dine out and travel.

On an adjusted basis, the world's largest payments processor reported a profit of $2.33 per share in the three months ended Sept. 30. Analysts on average had expected $2.24 per share, according to LSEG data.

(Reporting by Manya Saini in Bengaluru; Editing by Pooja Desai)