World's largest payments processor Visa's V.N shares fall ~1.9% to $344.78 premarket
Visa after market on Tuesday beat Wall Street estimates for third-quarter profit and revenue
The payments bellwether maintained its forecast of annual net revenue growth in the low single digits for fiscal year 2025
"Considering strong YTD performance we expect modest pressure in shares, though we think stability should insulate V from downward revisions as it conveyed broadly consistent backdrop," analysts at TD Cowen say
Consumers have continued to use card payments for essential purchases, even as they rein in discretionary spending amid economic uncertainties
"We saw some evidence of pull forward in some categories. Specific categories that people thought might be hit by tariffs, even more significantly," Visa CFO Chris Suh said in an interview with Reuters
Co posted Q3 adjusted EPS of $2.98, handily surpassing estimates of $2.85, according to data compiled by LSEG
Its revenue rose 14% in Q3 to $10.17 billion, topping Street views of $9.84 billion
Visa shares up ~11.2% YTD, through last close