𝙑𝙞𝙨𝙖'𝙨 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙦𝙪𝙖𝙧𝙩𝙚𝙧
$V (Visa) fiscal Q3 results are above Wall Street's estimates due to a 40 percent rise in travel activity.
I'm not surprised that people are back on the road and traveling to different parts of the world. As a result, the number of people traveling across international borders has surpassed 2019 levels for the first time since the pandemic started in early 2020.
This might mean that the economy's situation is not as bad as originally thought.
Net revenue for the quarter that ended on June 30, 2022, was $7.28B, which was higher than the consensus estimate of $7.07B and up from the previous quarter's $7.19B and the same quarter last year's $6.13B.
The non-GAAP earnings per share for Q3 were $1.98, which was well above the average analyst estimate of $1.75. This was up from $1.79 in the previous quarter and $1.49 at the same time last year.
The number of payments went up by 12 percent year over year, and the number of transactions that were processed went up by 16 percent.
Visa demonstrates the strength of its company and continues to expand at a healthy rate despite leaving Russia.
$SPX500$NSDQ100$GOOG (Alphabet)$MA (Mastercard)
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