October 24, 2018 / 8:16 PM / 22 days ago

Visa fourth-quarter profit jumps 33 pct

Oct 24 (Reuters) - Visa Inc’s quarterly profit surged 33 percent as the payments network processed more transactions, led by higher consumer spending and a strengthening U.S. economy.

Visa said on Wednesday total payments volumes jumped 11 percent, while the number of processed transactions rose 12 percent.

Net income rose to $2.85 billion or $1.23 per Class A share in the fourth quarter ended Sept. 30, from $2.14 billion or 90 cents per Class A share a year earlier. (bit.ly/2AqtikU) (Reporting by Diptendu Lahiri in Bengaluru Editing by Sai Sachin Ravikumar)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below