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VISA'S FISCAL THIRD-QUARTER PROFITS RISE 9% AS PAYMENTS BECOME INCREASINGLY DIGITAL
AppleMagazine
|July 26, 2024
Payment processing giant Visa Inc. said this week that its fiscal third-quarter profits rose 9% on an adjusted basis, as it benefits from consumers and businesses moving their payments from cash to credit and debit cards.
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The San Francisco-based company said it earned $4.87 billion, or $2.40 a share, compared to a profit of $4.16 billion, or $2.00 a share, in the same period a year earlier. Excluding one-time items, Visa earned $2.42 a share, which was in line with what analysts had expected, according to FactSet.
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