Visa (V) Earnings Report Beat, Stock Price Higher

<p>Visa (V) credit card earnings report indicated $1.79 in EPS and $7.2B in revenue, beating estimates. The V stock price today was up over 6%. Cowen's George Mihalos weighs in on Visa expecting revenue growth to be in line with prior expectations despite the exit from Russia. He states that their outperform rating on the Visa stock reflects the company's superior growth profile relative to the group as well as the defensiveness of its business model.</p><p><br></p>