×
1 978
Fashion Jobs
ESTÉE LAUDER
Clinique Consultant - 30Hrs - The Bay Queen - Toronto, on
CDI · Toronto
LEVI'S
Account Executive, Dockers Brand
CDI · Richmond Hill
LEVI'S
Part Time Sales And Merchandising Supervisor, Levi’s® Retail Store, Vaughan, on
CDI · Vaughan
NIKE
Senior Business Systems Analyst- Wms
CDI · Toronto
ADIDAS
Senior Manager, Digital Marketing
CDI · Vaughan
L'OREAL GROUP
E-Commerce Manager
CDI · Montreal
NORDSTROM
Asset Protection Agent - Eaton Centre
CDI · Toronto
NORDSTROM
Asset Protection Agent - Pacific Centre
CDI · Vancouver
TJX CANADA
Loss Prevention Security Monitoring Operator
CDI · Mississauga
NORDSTROM
Asset Protection Agent - Willowbrook Rack
CDI · Langley
NORDSTROM
Asset Protection Agent - Rideau Centre
CDI · Ottawa
NORDSTROM
Asset Protection - Security Ambassador - Willowbrook Mall Rack
CDI · Langley
NORDSTROM
Asset Protection - Security Ambassador - Pacific Centre
CDI · Vancouver
NORDSTROM
Asset Protection Agent - One Bloor Rack
CDI · Toronto
TJX CANADA
Loss Prevention Store Investigator, Gta
CDI · Toronto
FOOT LOCKER
Overnight Assistant Operations Manager
CDI · Burnaby
NORDSTROM
Asset Protection Agent - Vaughan Mills Rack
CDI · Vaughan
NORDSTROM
Inventory Control Specialist - Pacific Centre
CDI · Vancouver
ESTÉE LAUDER
Manager, Human Resources Business Partner
CDI · Toronto
ZARA
Gérant(e) de Département, Zara Centre Rockland
CDI · MONT-ROYAL
ZARA
Gérant(e) de Département, Promenades Saint-Bruno
CDI · SAINT-BRUNO-DE-MONTARVILLE
ZARA
Visual Commercial, Zara Rideau & Zara Bayshore
CDI · OTTAWA
By
Reuters API
Published
Jan 29, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Visa profit beats estimate as e-commerce volumes rebound

By
Reuters API
Published
Jan 29, 2021

Visa Inc beat Wall Street estimates for quarterly profit on Thursday, as a surge in online spending helped drive a recovery in payment volumes from the coronavirus-induced slump.


Reuters


The world's largest payment processor said total spending rose 5% on a constant dollar basis from a year earlier, after dropping 10% in the previous quarter, as customers staying at home due to the health crisis shopped more on the web.

"We saw sustained strength of debit and e-commerce volumes as well as resilient domestic spending in most countries," Chief Executive Officer Alfred Kelly Jr said.

Visa's shares were up 1.2% in extended trading as the company said the number of processed transactions rose 4% and that it approved a new $8 billion share buyback program.

But cross-border volume slumped 21% as the pandemic continued to hurt travel demand, with volumes excluding transactions within Europe crashing 33%.

The resurgence of infections in several countries led to border closures, which mainly impacted card-present spending, Visa said. A card-present transaction is one in which a customer physically swipes a card to make a payment.

Visa also did not provide a forecast for full-year 2021 due to the COVID-19 crisis.

However, its peers Mastercard Inc and American Express Co said earlier they expect a near-term uptick in business as easing lockdowns and improved vaccination efforts boost travel.

Visa reported a net income of 1.42 per Class A share for the first quarter ended Dec. 31, compared with analysts' estimates of $1.28 per share, according to IBES data from Refinitiv.
The company's net revenue fell 6% to $5.69 billion.

© Thomson Reuters 2021 All rights reserved.