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Visa: Earnings Beat, But Cash Remains the Big Story

Visa beat revenue and earnings expectations in its most recent quarter.

Analysts are cheering Visa’s latest earnings report. Multiple Wall Street firms raised their target prices on the payment network; the stock was up 1.5% Friday morning, to a recent $99.95. Visa beat analysts’ expectations for revenue and earnings in its most recent quarter and raised its expectations for the full year.

The company spent plenty of time talking more about the numbers on its conference call Thursday night but it also had interesting things to say about broader payment trends -- an area we love to cover at Barron’s Next. Here are three takeaways from the commentary:

Mobile wallets in general still need some work. There’s been a...