00:00It's Benzinga bringing Wall Street to Main Street.
00:02Visa reported third quarter results that topped Wall Street expectations after Tuesday's closing
00:07bell, according to Benzinga. The company posted earnings of $3.32 per share on revenue of $11.63
00:15billion, exceeding analyst estimates of $3.123 per share and $11.39 billion in revenue.
00:23Payments volume increased 10% year over year. Processed transactions rose 10%.
00:28Cross-border volume, excluding intra-Europe, increased 12%. And total cross-border volume
00:34grew 13%. CEO Ryan McInerney said consumer and business spending remained resilient.
00:40He said Visa continued to deliver strong performance across consumer payments,
00:44commercial and money movement solutions, and value-added services.
00:49Shares were down by 2.34% at 358 euros in Wednesday's pre-market trading,
00:54according to data from Benzinga Pro.
00:56For all things money, visit Benzinga.com.
