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American company Visa in the second fiscal quarter, which ended in March, recorded a net profit of $2 billion 977 million, which is 14.3% higher than the same period of the previous year. Earnings per share were at the level of 1 dollar 31 cents against the experts' forecast of 1 dollar 24 cents per share. Revenues amounted to 5 billion 494 million dollars, having increased over the year by 8% and exceeding the experts' forecast of 5 billion 460 million dollars. The number of transactions processed by Visa in the past quarter increased by 11% over the year, reaching 32.5 billion. The growth in cross-border payments, which did not take into account changes in the exchange rate, was at the level of 4%. During the earnings period, the company's expenses increased by 7% to 1 billion 900 million dollars. Since the beginning of the year, Visa capitalization has grown by 22.4%.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
The National Bank of Canada and Scotiabank reported acceptable second-quarter results on Tuesday. Both banks surpassed analysts’ estimates even though their respective profits suffered from loan-loss provisions due to the novel coronavirus ...
Japan’s Nintendo Co Ltd is posed to rally further, sustaining its decade-high earnings streak. The positive record is expected next week as sales of the recently-released gaming console Switch surged amid quarantine restrictions. Nintendo’s ...
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