Leading payments technology company Visa Inc. (V) reported better-than-expected earnings and revenue in the first quarter. The company’s EPS came 8.4% above analyst estimates, and its revenue beat the consensus estimate by 3.1%.
V’s payments volume in the first quarter rose 7% year-over-year on a constant-dollar basis, while total cross-border volume increased 22% year-over-year. Its processed transactions climbed 10% over the prior-year period.
