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Investing.com - Shares in Visa (NYSE:V) edged lower in premarket U.S. trading on Wednesday after the payments group left its full-year outlook unchanged despite posting higher-than-anticipated third-quarter results.
Along with rival MasterCard, Visa has been viewed as a bellwether of American consumer sentiment during a time of tariff-driven economic uncertainty. Worries have swirled around the potential of the levies to drive up inflation, weigh on overall growth, and possibly cause some shoppers to rein in expenditures.
However, Visa said the consumer spending environment remains "resilient, with continued strength in discretionary and non-discretionary growth in the U.S."
For the three months ended June 30, Visa reported adjusted earnings per share of $2.98 on revenue of $10.2 billion, compared with Wall Street estimates for $2.84 and $9.84 billion, respectively.
Net revenue increased 14% versus a year ago, driven by higher payments volume and cross-border transactions. Payments volume rose by 8% and total cross-border volume climbed by 12%, while processed transactions grew 10%.
"Healthy business driver trends continued through the quarter and into the first few weeks of July," Visa said.
Still, the group opted to leave its annual financial forecast unchanged, guiding for low-double-digit net revenue growth, a high-single-digit to low-double-digit uptick in operating expenses, and a diluted per-share income increase in the low-teens.
"[T]he unchanged guide despite the fiscal third-quarter beat is a modest disappoint[ment]," analysts at Vital Knowledge said in a note.
(Scott Kanowsky contributed reporting.)