{"id":53688,"date":"2013-05-03T09:08:02","date_gmt":"2013-05-03T09:08:02","guid":{"rendered":"https:\/\/armbanks.am\/2013\/05\/03\/238349\/"},"modified":"2024-12-15T13:04:25","modified_gmt":"2024-12-15T13:04:25","slug":"visa-profit-beats-estimates-as-card-spending-rises-bloomberg","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2013\/05\/03\/53688\/","title":{"rendered":"Visa profit beats estimates as card spending rises: Bloomberg"},"content":{"rendered":"<p><strong>YEREVAN, May 3. \/ARKA\/.<\/strong> Visa Inc. (V), the world\u2019s biggest payments network, posted a fiscal second-quarter profit that beat analysts\u2019 estimates as consumer spending on credit and debit cards climbed.<\/p>\n<p>Net income for the three months ended March 31 fell 1.7 percent to $1.27 billion, or $1.92 a share, from $1.29 billion, or $1.91, a year earlier, when there were more shares outstanding, the Foster City, California-based company said today in a statement. That beat the $1.81 average estimate of 32 analysts surveyed by Bloomberg. Net income a year earlier was helped by a one-time tax-related gain of $208 million.<\/p>\n<p>Visa, led by Chief Executive Officer Charlie Scharf, increased dividends and stepped up share repurchases as the firm gained financial flexibility after joining rival MasterCard Inc. (MA) in agreeing to a multibillion settlement with merchants over card swipe fees. Visa also struck a deal in February with JPMorgan Chase &amp; Co., the biggest U.S. card lender, to let the bank tailor payment solutions for merchants.<\/p>\n<p>\u201cTo drive future transaction growth, we continue to invest in new technologies, channels and capabilities to make Visa transactions more valuable, accessible and secure,\u201d Scharf, 48, said in the statement.<\/p>\n<p>The payment processor raised its forecast for adjusted annual earnings per share growth to about 20 percent, from the \u201chigh teens\u201d projected in February. \u20130&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Visa Inc. (V), the world\u2019s biggest payments network, posted a fiscal second-quarter profit that beat analysts\u2019 estimates as consumer spending on credit and debit cards climbed<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15860,15428],"class_list":{"0":"post-53688","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy-en","7":"category-news","8":"tag-bloomberg-3","9":"tag-visa-2"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/53688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=53688"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/53688\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=53688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=53688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=53688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}