News Formal

Visa profit tops estimates on consumer spending rebound

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 66%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

:Visa Inc surpassed market estimates for quarterly profit on Tuesday as a rebound in consumer spending after the easing of COVID-19 curbs drove up transaction volumes at world's largest payments processor.The results sent Visa's shares 4 per cent higher in extended trading and echoed the bullish commentary fr

:Visa Inc surpassed market estimates for quarterly profit on Tuesday as a rebound in consumer spending after the easing of COVID-19 curbs drove up transaction volumes at world's largest payments processor.

Visa said its payment volumes rose 17 per cent in the first three months of 2022, with cross-border volumes jumping 38 per cent. Net income rose to $3.6 billion, or $1.7 per share, from $3 billion, or $1.38 per share, a year earlier. Analysts on average were expecting a figure of $1.65 per share, according to IBES data from Refinitiv.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cadbury maker Mondelez tops quarterly sales estimates powered by higher prices, demandMondelez International Inc beat Wall Street estimates for quarterly revenue on Tuesday, as higher prices and sustained demand for the Oreo maker's chocolates and snacks helped it overcome a hit to business from supply chain hurdles. Net revenue rose to $7.76 billion in the first quarter from $7.24 billion
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »