Visa Posts Q1 EPS and Revenue Beat

Visa (NYSE:V) reported its first-quarter financial results. The company reported an earnings per share (EPS) of $2.41, surpassing the expected consensus of $2.34. The company's revenue for the quarter was $8.6 billion, a 9% increase from the same period last year, and higher than the projected $8.55 billion.

Visa's adjusted net income for the quarter showed growth, reaching $4.9 billion, up from $4.58 billion in the corresponding quarter of the previous year.

The payment processing company also saw an 8% year-over-year rise in payment volume during the three-month period on a constant-dollar basis.

In terms of transaction processing, Visa handled a total of 57.5 billion transactions in the quarter, which represents a 9% increase compared to the same period last year.