Company news: Visa’s (V) quarterly results beat analysts’ expectations

Visa (V) reported Q4 FY2024 earnings of $2.71 per share (versus $2.33 per share in Q4 FY2023), beating analysts’ consensus estimate of $2.58 per share.

The company’s quarterly revenues amounted to $9.617 bln (+11.7% y/y), beating analysts’ consensus estimate of $9.485 bln.

The company also announced that its board of directors had decided to increase the quarterly cash dividend by 13% to $0.590/share.

V rose to $287.70 (+2.06%) in pre-market trading.