UPDATE 3-Cheaper gasoline helps Visa report better-than-expected profit

jueves 29 de enero de 2015 19:33 GYT
 

* Q1 earnings $2.53 per class A share vs. estimate $2.49

* Total operating revenue rises 7 pct to $3.38 bln

* Announces 4-for-1 split of class A common stock

* Shares rise 4 pct after the bell (Adds CEO, CFO comments)

By Amrutha Gayathri

Jan 29 (Reuters) - Visa Inc, the world's largest credit and debit card company, reported a better-than-expected quarterly profit on Thursday as a strengthening U.S. job market and cheaper gasoline prices encouraged people to spend.

The company said e-commerce, which mainly uses cards, was "extraordinarily strong during the holiday season."

But Chief Executive Charlie Scharf said consumer spending on the whole, while at "reasonable" levels, was not accelerating.

Shares of the company, which also announced a 4-for-1 split of its class A common stock, rose about 4 percent in extended trading.   Continuación...