Visa Projects Q4 EPS Growth in Low End of Mid-Teens Amid Workforce Reductions
Visa (V) reported strong performance for its fiscal third quarter, with net revenue rising 14% year-over-year to $11.6 billion and earnings per share increasing by 11%, both exceeding expectations. CEO Ryan McInerney highlighted the results during an earnings call. The company also outlined plans for workforce role eliminations as part of ongoing restructuring efforts. Visa is projecting Q4 EPS growth in the low end of mid-teens, indicating continued confidence despite economic headwinds and strategic cost-cutting measures. These projections suggest a cautious but optimistic outlook from management amid broader market uncertainties.
Topics: earnings EPS increase revenue growth