© Reuters. VISA: PROFITS ABOVE EXPECTATIONS WITH THE INCREASE OF THE CONSUMPTION
(Reuters) – Visa, the global leader in payment systems, has published Wednesday a quarterly profit better than expected, benefiting from an increase in consumer spending during the period, the improvement in global growth and lower taxation.
The title Visa, up about 6% since the beginning of the year, a rise of 2% in trade after the stock Exchange on Wall Street.
The group’s turnover from the us has increased from 13% to 5,07 billion dollars, reflecting a growth of volumes of payments and the number of transactions processed.
The net income is established 2.61 billion dollars (2.15 billion euros) over the period January-march, which corresponds to the second quarter of the fiscal year, against $ 430 million a year ago.
The earnings per share of class A has increased to 1.11 dollar and 18 cents.
Analysts expected average earnings per share of 1.02, according to the consensus Thomson Reuters I/B/E/S
(Pallavi Dewan and Diptendu Lahiri in Bangalore, Marc Joanny for French service)