The Traderszone Network

Published in TZ Latest News 29 January, 2015 by The TZ Newswire Staff

Visa logs fiscal Q1 beat, unveils 4-for-1 stock split

Visa’s net income rose to $1.57 billion (1 billion pounds), or $2.53 per Class A share, in the quarter ended Dec. 31 from $1.41 billion, or $2.20 per Class A share, a year earlier. Analysts on average had expected earnings of $2.49 per share on revenue of $3.34 billion for the company’s first fiscal quarter, according to Thomson Reuters I/B/E/S. Visa’s shares were up 4.4 percent at $258.95 in extended trading on Thursday. Visa earns money from both the volume and value of transactions using its cards.