Rose Border Card – rose border card
Visa banal rose in aftermarket trading afterwards the payments aggregation appear better-than-expected balance and revenue, while cross-border payments volumes grew at a hardly slower clip than expected.
Visa banal (ticker: V) acquired 1.3% in contempo after-hours trading.
The aggregation appear $1.47 per allotment in adapted balance and brought in acquirement of $6.1 billion during its budgetary fourth quarter. Analysts had accepted per-share balance of $1.43 and $6.08 billion in revenue.
“The fourth division capped a able budgetary 2019 with net acquirement and adapted EPS advance of 13% and 21%, respectively,” Visa’s administrator and CEO Alfred Kelly, Jr. said in a release.
For both the abounding year and the final quarter, payments aggregate rose 9%, while cross-border aggregate was up 7% in the fourth quarter. In total, candy affairs rose 11% for the budgetary year and the fourth quarter.
Given that Visa, forth with Mastercard (MA), continues to boss the all-around payments system, there’s little catechism about either company’s adeptness to consistently aftermath profits, and investors pay abutting absorption to any wobble in the affairs growth.
The huge civil about-face against cards and e-commerce has provided such a huge addition to Visa, so a alternate abatement in customer spending is one of the few things that ability be able to cavity its banking achievement significantly. But the fourth quarter’s after-effects announce that, at atomic for now, that looks unlikely.
Write to Ben Walsh at [email protected]
6 photos of the "Rose Border Card"