News Summary

• See also: PayPal CEO sees ‘huge monetization opportunity’ after revamp, but stock dropsFor the fiscal first quarter, Visa posted net income of $4.9 billion, or $2.39 a share, compared with net income of $4.2 billion, or $1.99 a share, in the year-prior period..
• The company faces easier comparisons in the second half of the year, he said, and management expects to see favorable trends in average ticket sizes..
• Consumer spending has been “resilient” and “quite stable,” Suh said.The company saw a 16% boost in volume from cross-border transactions, which take place when someone makes a purchase from a merchant based in a different country..
• Mizuho analyst Dan Dolev noted that Visa’s V, -1.71% U.S. payment volumes decelerated in the fiscal first quarter and in the first three weeks of January, a trend driven by debit transactions..
• The company saw an 8% boost in payments volume during the latest quarter, while processed transactions rose by 9%..
• The company also expects earnings per share to grow at a “high-teens” pace from a year before..