Visa Stock Jumps on 14.4% Revenue Surge, Beats Estimates

Visa Inc.'s stock price has risen after a significant revenue jump in the June quarter. The company reported $11.63 billion in revenue, up 14.4% from the same period last year. This surge has led to an increase in earnings per share (EPS) to $3.32.

The company's net margin remained high at 50.78%, and it beat both EPS and revenue estimates. The stock traded as high as $371.80 and as low as $366.66 intraday, with 6,665,680 shares changing hands.

Analysts' views remain supportive, with a consensus target of $413.58 and 92.86% Buy ratings across 28 analysts. The company also carries a quarterly dividend of $0.67 a share and has a $20 billion repurchase authorization in place.