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Direct: Visa revenues increased in the third quarter of this year, which exceeds badysts' expectations.
The company reported net income of $ 3.10 billion for the quarter ended June, compared to $ 2.32 billion for the same period in 2018.
Visa reported earnings per share excluding non-recurring items and items of $ 1.37 in the third quarter of this year, compared with $ 1.20 per share for the same period last year, compared to an estimate of 1 , 33 USD.
Revenues increased 11% to $ 5.84 billion in the three months to June, compared with $ 5.24 billion for the same period in 2018.
Analysts had forecast that Visa's revenues would increase by $ 5.7 billion in the third quarter.
The volume of payments and financial transactions increased by 9% and 12%, respectively, in the third quarter, on an annual basis.
Visa's shares closed up 0.2% to $ 180.90, but declined slightly after the session.
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