Mastercard
VisaReported 1st Quarter results on Wed., Feb. 9th. Posted earnings of $0.74 cents a share vs. estimates of $0.55 cents a share. Net income rose 35% to $574 million, compared to $424 million in the same time period last year. Net operating revenue rose 17% to $1.7 billion. Total processed transactions rose 8% to 9.8 billion. Adjusted operating expenses fell 4% to $728 million due to the company cutting its professional and consulting fees and administrative costs. Has a net profit margin of 33.01% and a return on equity of 10.48%.
0 comments:
Post a Comment