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Empresas y finanzas

Visa quarterly profit falls 10 percent on legal provision


    (Reuters) - Visa Inc , the world's largest credit and debit card company, reported a 10 percent fall in quarterly profit as it set aside $453 million for litigation.

    The company's net income fell to $1.07 billion, or $1.72 per Class A share, in the fourth quarter ended Sept. 30 from $1.19 billion, or $1.85 per Class A share, a year earlier.

    On an adjusted basis, the company's net income rose 14 percent to $1.4 billion or $2.18 per Class A share.

    (Reporting by Tanya Agrawal; Editing by Saumyadeb Chakrabarty)