Visa Profit Tops Forecasts as Consumer Spending Holds Up - Barron's

1. Visa reported $5.1 billion profit, up 5% year-over-year. 2. Earnings per share of $2.58 fell short of estimates at $2.64. 3. Revenue increased 10% to $9.5 billion, surpassing expectations. 4. Payments volume rose 9%, boosted by healthy consumer spending. 5. Investor sentiment favors Visa over Mastercard due to U.S. exposure.