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Be Careful with my Heart (ABS-CBN) August 03, 2012

Tags : Careful Heart ABS-CBN

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Be Careful with my Heart (ABS-CBN) August 03, 2012
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by : FlipBooth on Aug 3, 2012
Categories: Pinoy Vids   
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Duration: 30:00

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Be Careful with my Heart (ABS-CBN) August 03, 2012
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Be Careful with my Heart (ABS-CBN) August 03, 2012

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News Report:


Visa: Revenue growth to slow further this quarter

Visa Inc (V.N), the world's largest credit and debit card company, said its revenue growth would slow this quarter due to a strong U.S. dollar, sending the company's shares down about 3 percent in extended trading.

Visa, which also reported a 26 percent rise in quarterly profit, said on a post-earnings conference call that it expected third-quarter revenue growth to be in "mid-single digits" in percentage terms.
 
The company's revenue growth slowed to 7 percent in the second quarter ended March 31 from 11 percent in the first quarter.
 
Total payments volume grew about 12 percent on a constant dollar basis to $1.1 trillion in the second quarter, but cross-border volume rose just 8 percent as the U.S. currency strengthened.
 
Visa and rival Mastercard Inc (MA.N) have been helped by increasing consumer spending in the United States and a shift to plastic payments in emerging markets.
 
Total transactions processed on Visa's network rose 11 percent in the second quarter.
 
Net income attributable to the company rose to $1.60 billion, or $2.52 per Class A share, from $1.27 billion, or $1.92 per Class A share, a year earlier.
 
Visa earned $2.20 per share, excluding a tax benefit of $218 million in the quarter.
 
Total operating revenue increased to $3.16 billion from $2.96 billion.
 
Analysts on average had expected a profit of $2.18 per share on revenue of $3.19 billion, according to Thomson Reuters I/B/E/S.
 
Shares of Visa, which has a market value of $132.31 billion, closed at $209.40 on the New York Stock Exchange on Thursday. The stock has fallen 6 percent so far this year.  — Reuters





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