(Reuters) – Visa reported on Tuesday of a quarterly profit higher than expectations, taking advantage of a solid growth in card payments by card, and announced a share buy -back program of $ 30 billion.
The group’s title increased by 1% in the post-clothing stock exchange.
The world leader in payment systems has recorded an 8% increase in payments of payments – a key indicator for business consumption and expenditure of companies.
In a press release, the group’s general manager Ryan McLnerney, noted that “consumer spending remained resilient, even with macroeconomic uncertainty”.
This results in particular from the growth of wages and the low unemployment rate in the United States, even if some consumers have reduced part of their expenses with regard to inflation linked to customs duties and due to concerns about economic growth.
Visa published an adjusted quarterly profit of $ 5.4 billion, or $ 2.76 per share, against amounts of $ 5.1 billion and $ 2.51 per share a year earlier.
Analysts anticipated an average adjusted benefit of $ 2.68 per share, according to LSEG data.
(Pritam biswas in Bangalore; Jean Terzian)
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