The US payment service provider Visa increased sales in the fourth quarter of its financial year.
The company announced on Tuesday after the New York stock market closed that revenue climbed 12 percent to $10.7 billion. The bottom line, however, was that profit fell by 4 percent to $5.1 billion. Growth in payment volumes and transactions conducted remained strong, it said.
The results were a touch above analysts’ expectations. Visa’s share price fluctuated between plus one and minus one percent in after-hours NYSE trading. In Wednesday trading it temporarily fell 0.10 percent to $298.60.
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SAN FRANCISCO (dpa-AFX)
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