Visa says Q3 net income increased 73 percent
China Daily | Updated: 2009-07-31 08:01
NEW YORK: Visa Inc reported better-than-expected quarterly earnings on Wednesday (local time), as the world's largest credit card network cut expenses and credit-strapped consumers used their debit cards more.
The company also forecast revenue would grow more than expected in the fourth quarter helped by a recovery in the number of transactions.
Net income rose 73 percent to $729 million, or 97 cents per diluted class A share, for the third quarter ended June 30.
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