Visa's Cross-Border Volume Falls, Revenue and Adjusted Earnings Beat
October 28 2020 - 4:48PM
Dow Jones News
By Allison Prang
Visa Inc. reported a drop in cross-border volume, but revenue
and adjusted earnings were higher than Wall Street was
expecting.
Visa said earnings were $2.14 billion, down 29% from a year
earlier. Earnings were 97 cents a share.
Adjusted earnings were $1.12 a share. According to FactSet,
analysts were expecting $1.09 a share.
Revenue was $5.1 billion, down 17%. Analysts were expecting $5
billion. International transaction revenues slipped 38%.
Cross-border volume fell 29% on a constant-dollar basis.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
October 28, 2020 16:33 ET (20:33 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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