April 24, 2019
(Reuters) – Visa Inc reported a 14.3 percent rise in quarterly profit on Wednesday, as more people swiped cards using the extensive network of the world’s largest payment processor.
Net income rose to $2.98 billion, or $1.31 per Class A share, in the second quarter ended March 31, from $2.61 billion, or $1.11 per Class A share, a year earlier.
Analysts were expecting net income of $1.24 per share, according to IBES data from Refinitiv, although it was not immediately clear if the numbers were comparable.
(Reporting By Aparajita Saxena in Bengaluru; Editing by Arun Koyyur)