Visa Beats on Q3, Raises Revenue Outlook as Analyst Points to Healthy Spending
Visa shares rose after strong Q3 results, with Cantor Fitzgerald reaffirming Overweight rating and $410 PT. Revenue beat and raised guidance.
Visa made more money than people expected in the last quarter and says it will make even more money ahead, which suggests people are spending at a healthy pace. When a company beats expectations and raises its outlook, it often means the business is doing well and people trust it will keep doing well.
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