Visa Profit Climbs 5% as Consumer Spending Holds Up
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Visa on Thursday reported $5.1 billion of profits for the final three months of 2024, up 5% from the year prior, as consumer spending remains solid even as some inflation persists. Visa’s per-share earnings for its fiscal first quarter amounted to $2.58, falling short of the $2.64 that analysts surveyed by FactSet expected. Visa shares rose 0.4% in late trading after hitting a record high earlier in the trading session.
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