Tue, 8 April
16.1 C
Yerevan
USD: 391.01 RUB: 4.56 EUR: 427.33 GEL: 141.93 GBP: 498.85
spot_img

Visa’s fiscal 2Q net income slips nearly 2 % :AP

YEREVAN, May 2./ARKA/. Visa Inc. says its net income slipped nearly 2 percent in the first three months of this year from a year earlier, when the company benefited from an adjustment to its income tax provision.

But the payments processing company reported growth in service and data processing revenue, as well as international transactions, Yahoo Finance reported referring to Associated Press.
The Foster City, Calif., company said its fiscal second-quarter net income totaled $1.27 billion, or $1.92 per share.

That compares with net income of $1.29 billion, or $1.91 per share, in the same period last year.
Revenue grew nearly 15 percent to $2.96 billion from $2.58 billion a year earlier.
Analysts, on average, forecast earnings of $1.81 per share, on revenue of $2.85 billion, according to FactSet.

Shares rose $2.98, or 2 percent, to $169 in after-hours trading. —0-

spot_img

POPULAR

Concept of a private investment fund in Armenia discussed by Minister of Economy with Nubar Afeyan

The concept of creating a private investment fund in Armenia within the framework of effective public-private partnership was discussed by Armenian Minister of Economy Gevorg Papoyan and American businessman Nubar Afeyan.

Draft law on crypto assets to be submitted to Armenian parliament in coming weeks – Deputy Chairman of Central Bank

The draft law on crypto assets, developed by the Central Bank of Armenia in the context of European norms, will be submitted to the Armenian parliament in the coming weeks, said Deputy Chairman of the Central Bank Armen Nurbekyan.

Ministry of Economy and  IMF delegation discussed Armenia’s economic diversification, export strategy

Yesterday, Armenian Economy Minister Gevorg Papoyan received a delegation led by Iva Petrova, head of the International Monetary Fund (IMF) mission in Armenia.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Banks and SMEs discuss prospects for cooperation (VIDEO)

The Union of Armenian Banks, in collaboration with the German-Armenian Fund, brought together representatives of the financial sector to conduct an important dialogue between banks and SMEs, summarize the past year, and plan for future work.

LATEST NEWS

spot_imgspot_imgspot_img