Visa Q4 beat lifts stock, Kraft Heinz falls on Q3 miss

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Shares of Visa (V) are ticking higher after the payments giant topped expectations in its fiscal fourth quarter report. The strong performance was driven by a rise in cross-border transactions during the quarter.

On the other hand, Kraft Heinz (KHC) stock fell sharply after the company missed revenue estimates in its third quarter results. The company cited weak demand for its meal kits and snacks as a factor weighing on its performance. This marks the sixth consecutive quarter of sales misses for Kraft Heinz.

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This post was written by Angel Smith