Increased profits, declining shares for Visa
Visa, the world's largest credit card provider significantly increased its profits, at the end of the quarter ended in June, but its shares have fallen.
The California-based company announced that its net profit on a year on year comparision increased by 11 percent to 1.36 billion USD (312 billion HUF), ie. 2.12 USD per share in the 3rd business quarter. Its revenues increased by more than 5 percent to 3.16 billion USD. The market expected a 2.10 USD per share in profit.
The value of shares declined by roughly 3 percent, because the told that instead the expected 10 to 11 percent, 9 to 10 percent annual increase is expected for the entire business year. (MTI)
Related news
Related news
Tesco is introducing cheaper own-brand products in its Expressz stores
Tesco is introducing cheaper own-brand products in its Expressz stores…
Read more >Diageo was the main sponsor of the domestic round of the Young Cannes Lions international creative competition
This year, Diageo was also the main sponsor of the…
Read more >Innovation in air transport: thanks to a new screening service, the export of medicines in air transport can be easier
DSV is opening the door to new opportunities for export…
Read more >