News Formal

Visa shares slide despite solid travel-lead earnings, dividend boost

  • 📰 startelegram
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Brasil Notícia Notícia

Visa, the world's biggest credit card and payments company, said consumer spending continues to hold up well amid an ongoing boom in domestic and international travel.

shares moved lower in pre-market trading after the world's biggest credit card and payments company posted better-than-expected fourth quarter earnings thanks in part to the summer travel boom and resilient consumer spending.

Cross border spending volume was up 16%, Visa said, with payments volume up 10% on a constant-currency basis at $56 billion.saw September quarters profits rise 33% from last year to $3.30 per share, on revenues of $15.4 billion, and noted that travel demand and restaurant spending would likely remain firm into the end of the year.

Visa shares were marked 1.55% lower in pre-market trading to indicate a Wednesday opening bell price of $231.01 each , move that would trim most of the stock's gains over the past six months.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 248. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Visa earnings: What to expect from the payments giantVisa reports fiscal fourth-quarter results after the close of trading Tuesday
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »