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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Visa Inc | NYSE:V | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -1.14 | -0.41% | 274.02 | 276.77 | 273.83 | 274.80 | 6,840,617 | 01:00:00 |
From Apr 2019 to Apr 2024
By Maria Armental
Visa Inc. reported record quarterly profit and a 10% revenue increase, helped by higher spending.
Visa's first-quarter profit rose 10% to $3.27 billion, or $1.46 a Class A share, the company said Thursday. Net revenue rose 10% to $6.05 billion.
Analysts surveyed by FactSet expected $1.46 a share on $6.08 billion.
Higher spending has helped credit-card companies post record results. Mastercard Inc. and American Express Co. this month also reported quarterly results that beat analysts' projections, though Discover Financial Services' revenue results for the most recent quarter fell slightly shy of targets.
The company still expects per-share profit to increase by a mid-teen percentage and revenue to increase by a low double-digit percentage.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
January 30, 2020 16:50 ET (21:50 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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