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1/27, 10:17 PM (Source: TeleTrader)
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Visa-2.35%

202.63
Chart for: Visa Inc

Visa's EPS surge 29% YoY to $1.83 in Q1

Visa Inc. said in its earnings release on Thursday that its GAAP earnings per share jumped 29% year on year to $1.83 in the first quarter of fiscal 2022. The company's net revenues and its GAAP net income soared 24% and 27% on an annual basis to reach $7.1 billion and $4 billion, respectively, in the opening trimester.

"As we look ahead, we do not believe the current surge in the pandemic will curtail the recovery. We see economies around the world continuing to improve and, as restrictions are lifted, cross-border travel will continue to recover," Chairman and CEO Alfred F. Kelly Jr. said in the press release.

Visa's shares grew 3.70% in after-hours trading in light of the results it published.

Baha Breaking News (BBN) / MS