BUZZ - Visa’s shares fall despite Q4 results beating expectations

October 28 - ** Shares of payment service provider Visa V.N fell 1.7% in pre-market trading, to $395

** Despite macroeconomic uncertainty, the company’s fourth quarter (link) profit and revenue both exceeded expectations as customers continued to use cards to pay for travel, shopping and dining out

** The company reported adjusted fourth-quarter earnings per share of $3.48, slightly above analysts’ estimate of $3.44; revenue reached $12.14 billion, also higher than analysts’ expectations of $12.08 billion—according to London Stock Exchange Group (LSEG) data

** The company expects fiscal 2027 earnings per share growth rate to be in the low double-digit to low teens percentage range, while net revenue growth rate is expected in the low double-digit percentage range

** Client incentive expenditures surged 21% year over year this quarter to $5.1 billion, mainly due to new business signings

** As of the close of the previous trading day, Visa’s share price had gained 14.5% year-to-date

(For the convenience of non-English speakers, Reuters provides automated translations of its reports into several other languages. Since automated translation may contain errors or lack the necessary context, Reuters does not guarantee the accuracy of the automated translation and provides it solely for reader convenience. Reuters accepts no responsibility for any damage or loss arising from using the automated translation feature.)