New York â¢ Payment processing giant Visa said its fiscal third-quarter profit rose sharply from a year earlier, following its purchase of Visa Europe.
The San Francisco-based company earned $2.06 billion in the period ending June 30, or 87 cents a share, compared with a profit of $412 million, or 12 cents per share, in the same period a year ago. Last yearâs results included a one-time restructuring charge tied into Visaâs purchase and integration of Visa Europe.
The results beat the expectation...
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