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Visa profit exceeds expectations in three months

2018-02-02 12:00 pm | Resource: News Section | No Views : 433

Visas profit exceeds expectations in three months

Visa's revenue and revenue rose during the company's first quarter and exceeded analyst expectations.
The company said in a statement Thursday that it made a profit of 2.52 billion dollars during the three months ended last December, compared to profits of 2.07 billion dollars during the same period of 2016.
Earnings per share, excluding non-recurring items and items, rose 26% to $ 1.08 per share, against expectations of $ 0.99 per share.
 At the level of revenues, "Visa" operational in the period from October to December 2017 amounted to 4.86 billion dollars, compared with 4.46 billion dollars during the same period of 2016.
Analysts had forecast that Visa's revenue would be $ 4.85 billion in the company's first quarter.
At the close of trading yesterday, shares rose "Visa" by about 1.2% to 125.72 dollars per share.


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