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Visa profit rises on increased travel, online spending -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: This illustration, taken on September 6, 2017, shows a Visa credit card displayed on a keyboard. REUTERS/Philippe Wojazer/Illustration

(Reuters) – Visa Inc (NYSE) announced a jump in quarterly profit Tuesday as the world’s biggest payment processor saw a boost in travel due to economies recovering worldwide and people buying online.

From $2.14 Billion, which was 97c per Class A Share a year ago, net income rose to $3.58Billion, or $1.65 per Class A shares, in the fourth quarter ending Sept. 30.

According to data from Refinitiv, analysts had on average expected a profit $1.54 per shares.

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