Finance
Visa Earnings Top Estimates as Spending on Network Stays Strong
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Visa Inc.’s fiscal second-quarter earnings beat analysts’ estimates as spending on its payment network remained resilient despite macroeconomic uncertainties.
Net income rose 6% to $5.44 billion, while adjusted earnings per share totaled $2.76, beating expectations of $2.68 for the three months through March. Payments volume came in at $3.34 trillion, less than the expected $3.42 trillion.