Visa slips despite Q4 beat
BUZZ-Visa slips despite Q4 beat ** Shares of payments processor Visa V.N down 1.7% at $395 premarket
** Co beats Q4 profit and revenue estimates as customers continued swiping their cards to pay for travel, shopping and dining out despite macroeconomic uncertainty
** Posts Q4 adj. EPS of $3.48, slightly above analyst est. of $3.44; revenue of $12.14 billion also beat analyst est. of $12.08 billion - LSEG data
** Co anticipates fiscal 2027 profit per share growth between a low-double-digit and low-teens percentage, while net revenue growth is expected to be in the low-double-digit percentage
** Client incentives jumped 21% to $5.1 billion in the quarter from the prior year, largely driven by new deals
** As of last close, V stock was up 14.5% YTD
(Reporting by Tharuniyaa Lakshmi in Bengaluru)