Visa's Strong Earnings and Resilient Consumers Drive Stock Surge

Visa reported better-than-expected quarterly results and forecasted low-double-digit revenue growth for the new fiscal year, exceeding some investors' fears. However, analysts had mixed opinions on the outlook, with some seeing it as a relief and others concerned that the company set the bar too high. Visa's shares dipped about 1% in after-hours trading. The company's CFO described the outlook as "balanced" and highlighted the healthy and stable fundamentals of Visa's business. Visa saw increases in payment volume and processed transactions, but experienced a sequential drop in US debit and credit volumes in October due to factors like a "days-mix" impact and falling gas prices. Visa's net income for the fiscal fourth quarter rose to $4.7 billion, with adjusted earnings per share of $2.33.