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Visa expected to again top earnings estimates for 1Q

Published 2024-01-17, 11:39 a/m
Visa expected to again top earnings estimates for 1Q
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Proactive Investors - Visa Inc (NYSE:V) is expected to report higher revenue and profits for the fiscal first quarter of 2024 compared to the year-ago quarter when it reports its latest financials after the stock market closes on Thursday, January 25.

The financial services firm is expected to post a 7.1% increase in revenues from the year-ago quarter’s $7.9 billion to $8.5 billion.

Earnings per share (EPS) is expected to increase by 6.9% from $2.18 to $2.32.

Visa is on track to surpass Wall Street analyst earnings estimates, after topping expectations by 3.4% on average over the last two quarters according to Zacks Consensus Estimate.

Visa shares traded up 0.5% at US$266.61 late on Wednesday morning.

Read more on Proactive Investors CA

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