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00:02Visa beat Wall Street profit estimates as rising payment volumes offset macroeconomic
00:07uncertainty, according to Reuters. The payments company reported adjusted earnings of $3.31
00:12per share for the quarter ended March 31st, beating estimates of $3.10 per share.
00:19Payments volume rose 9% and data processing revenue increased 18% to $5.54 billion.
00:27U.S. consumer spending increased in March, supported by higher gasoline prices and tax
00:32refunds. The company said Middle East tensions disrupted trade and travel and is monitoring
00:38the impact. Visa authorized a $20 billion share repurchase program and raised its full year
00:442026 earnings growth outlook to low teens. Shares rose over 6% in extended trading.
00:49For all things money, visit Benzinga.com.
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