Visa: Q3 beats consensus
(CercleFinance.com) - On Tuesday night Visa reported adjusted net income that is up 11% at 3.
1 billion dollars for its third accounting quarter.
At 1.37 dollar, corresponding EPS was six cents higher than the consensus.
The payment solutions group's revenue rose by 11% to 5.8 billion doillars, with a 9% increase in payment volumes, a 12% rise in transactions processed and a 7% increase in cross-border volumes.
Visa had an excellent third quarter in terms of accelerating its sales growth, while advancing in its strategy via acquisitions, investments and partnerships, CEO Alfred Kelly said.
Copyright (c) 2019 CercleFinance.com. All rights reserved.