5 Much-Awaited Earnings Reports to Watch

3. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 142

Shares of Visa Inc. (NYSE:V) rose nearly six percent in the pre-market trading session on Wednesday, April 27, 2022, after delivering solid profit and sales for its fiscal second quarter. The digital payments giant reported adjusted earnings of $1.79 per share, representing a surge of 30 percent over the same period of 2021.

Revenue came in at $7.19 billion, well above $5.73 billion in the comparable period of the prior year. Analysts were expecting Visa Inc. (NYSE:V) to report earnings of $1.65 per share on revenue of $6.84 billion.

Visa Inc. (NYSE:V) also released its segment-wise sales performance. Its service revenue jumped 24 percent to $3.5 billion, data processing revenue rose 16 percent to $3.5 billion, and international transaction revenue climbed 48 percent to $2.2 billion in the quarter.

Among other updates, Visa Inc. (NYSE:V) reported that its total processed transactions for the quarter increased 19 percent to 44.8 billion, while payment volume rose 17 percent on a year-over-year basis.