Visa Slides After Revenue at Payments Giant Misses Estimates

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Visa Inc,Quarterly Revenue

(Bloomberg) -- Visa Inc. slipped in late trading Tuesday after reporting quarterly revenue that just missed Wall Street estimates — a rarity for the world’s ...

-- Visa Inc. slipped in late trading Tuesday after reporting quarterly revenue that just missed Wall Street estimates — a rarity for the world’s biggest payments network.Net revenue for the fiscal third quarter ended June 30 was $8.9 billion, Visa said Tuesday in a statement. That was about $60 million — or 0.6% — shy of the average estimate of analysts in a Bloomberg survey. Visa last missed analysts’ revenue estimates by an even narrower margin in 2020, data compiled by Bloomberg show.

Last month, a federal judge rejected a $30 billion settlement that Visa and rival Mastercard Inc. had reached earlier in the year with US merchants in an attempt to resolve two decades of litigation over credit-swipe fees. PITTSBURGH — Rookie Paul Skenes lost for the first time in 12 career major league starts, giving up Alec Burleson's tiebreaking single in the ninth inning that lifted the St. Louis Cardinals over the Pittsburgh Pirates 2-1 on Tuesday night.NHRA legend John Force released from rehab center one month after fiery crash

NEW YORK — Mets rookie Christian Scott was placed on the 15-day injured list Tuesday with a sprained ligament in his right elbow, sidelining New York's top pitching prospect indefinitely.EAGAN, Minn. — The Minnesota Vikings agreed to a four-year extension Tuesday with left tackle Christian Darrisaw that's worth as much as $113 million, their latest big-money deal for a core player.SPRINGFIELD, Ill.

 

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Visa slides after revenue at payments giant misses estimatesVisa Inc. slipped in late trading Tuesday after reporting quarterly revenue that just missed Wall Street estimates — a rarity for the world’s biggest payments network.
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