Travel restrictions pull Visa quarterly profit lower

Apr 27, 2021 - City AM
Financial Results

Visa reported a small fall in its quarterly profit as lockdown restrictions continue to have an impact on the world’s travel and retail industries.

The payments company reported net income slipped two per cent in the second quarter to $3bn, equivalent to $1.38 per Class A Share. Analysts had expected a profit of $1.27 per share, according to Refinitiv figures.

“The COVID-19 pandemic certainly has turned the world upside down in the last year, but we believe we are starting to s...