Visa Inc. reported Q1 earnings beat, but U.S. volumes slowed due to increased debit transactions.

Visa Inc. reported better-than-expected Q1 financial results, with earnings of $2.41 per share and revenue of $8.6 billion. This growth is attributed to stable growth in overall payments volume and processed transactions, as well as a 16% increase in cross-border volume. Despite these positive results, Visa's shares were down 2.73% in the after-hours session at $265.25.

January 25, 2024
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