Visa’s Profit Rises Sixfold as Card Spending Growth Continues

Visa’s Profit Rises Sixfold as Card Spending Growth Continues

Visa Inc.’s quarterly revenue surged sixfold, bolstered by increased transaction and funds volumes and the combination of its European enterprise.

Shares, which have broadly outperformed the market with a 32% enhance over the previous 12 months, rose 2.three% to $124 in after-hours buying and selling as the corporate additionally raised its annual forecast, citing outcomes from the primary half of its enterprise yr.

Visa,…

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *