Visa quarterly profit rises 14 percent

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)

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