As per results of nine months of 2015-2016 fiscal year, ended on June 30, the net earnings of Visa Inc., one of the largest global companies, dealing with servicing bank cards, decreased by 15.6% on a year-to-year basis, to USD 4.060 bln, Prime reports.
As per results of the reporting period the diluted earnings per Class A share made up USD 1.69 versus USD 1.96 in the previous year. However, for nine months the Visa’s operating earnings increased by 4.9% from the indicator for reporting period of the previous financial year, to USD 10.8 bln.
For the third financial quarter the net earnings decreased more than 4 times on a year-to-year basis – from USD 1.697 billion to USD 412 million. In the reporting period the diluted earnings per Class A share made up USD 0.17 versus USD 0.69 in the third quarter of the previous financial year.
Meanwhile, the analysts expected for the earning per share to be at USD 0.66. The operational earnings increased by 3.1% - to USD 3.6 billion.
Visa is the global payment system, providing access to the network of e-payments for card holders, trade and service enterprises, financial and governmental institutions.
