shares of visa inc gained 2 in afterhours trading tuesday after the payments giant topped expectations with its latest results showing continued growth in consumer spending despite uncertainties about the economy the company notched net income of 341 billion or 160 a share compared with 258 billion or 118 a share in the yearearlier period analysts tracked by factset were expecting 173 a share in gaap earnings on an adjusted basis visa v earned 198 a share up 33 from a year before and above the factset consensus which was for 175 a share revenue grew to 73 billion from 61 billion while analysts had been expecting 71 billion “against the backdrop of macroeconomic uncertainty significant exchangerate headwinds and the suspension of our business in russia visa had a very strong quarter” chief executive al kelly said in a statement he cheered the “resiliency of our business model” visa saw payments volume rise by 12 as processed transactions increased 16 crossborder volume climbed by 40 while crossborder volume exclusive of intraeurope transactions was up 48 “consumers are back on the road visiting various corners of the world resulting in crossborder travel volume surpassing 2019 levels for the first time since the pandemic began in early 2020” kelly continued “while the economic outlook is unclear we remain confident in our ability to execute with discipline” visa’s earnings come amid increasing unease about the state of the consumer in an uncertain economy though companies have given mixed signals thus far in this reporting season while walmart inc wmt cut its earnings forecast late monday warning that inflationary pressures around food costs were leaving consumers with less disposable income for categories like apparel executives at american express co axp were upbeat last week about spending trends at the high end amex chief financial officer jeff campbell told marketwatch that “if you think about actual signs of stress we don’t see any” within the business furthermore earlier tuesday fiserv inc fisv chief executive frank bisignano said on the merchantacquiring company’s earnings call that “the consumer remains resilient”