The Traderszone Network

Published in TZ Latest News 30 April, 2015 by The TZ Newswire Staff

Visa forecasts current-quarter profit below Street

The company forecast third-quarter earnings per share 6-8 cents lower than analysts’ expectations. Analysts on average are expecting the company to earn 65 cents per share, according to Thomson Reuters I/B/E/S. Visa earns international transaction revenues through cross-border transactions and currency conversion, making it sensitive to foreign-exchange fluctuations.