Re: Visa (V)
Posted: Fri Jul 22, 2016 8:04 am
not vested
Visa profit tops estimates on higher payments volume
BY NIKHIL SUBBA
Source: Reuters
http://www.reuters.com/article/us-visa- ... r%20Update
Visa profit tops estimates on higher payments volume
BY NIKHIL SUBBA
The company's payments volume rose 10.2 percent to $1.35 trillion on a constant dollar basis in the quarter ended June 30.
Cross-border volumes grew 5 percent during the quarter.
Visa's net income fell to $412 million, or 17 cents per Class A share, from $1.69 billion, or 69 cents per Class A share, a year earlier.
Excluding costs related to Visa Europe, the company reported an adjusted profit of 69 cents per share.
Total operating revenue rose 3.2 percent to $3.63 billion.
Source: Reuters
http://www.reuters.com/article/us-visa- ... r%20Update