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Telecomunicaciones y tecnología

Visa quarterly profit rises 16 percent


    NEW YORK (Reuters) - Visa Inc's quarterly profit rose 16 percent to $884 million, as consumer spending ramped up and the company processed more transactions abroad.

    The world's largest credit and debit card processing network on Wednesday reported a profit of $1.23 per share for its fiscal first quarter ended December 31.

    That compared to a year-ago profit of $763 million or $1.02 per share.

    Visa shares closed up about 2 percent at $72.09 on Wednesday, and fell about 1 percent in after-hours trading.

    (Reporting by Maria Aspan)