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Visa's adjusted profit jumps 27 percent


(Reuters) - Visa Inc , the world's largest payments network operator, reported a 27 percent increase in quarterly adjusted profit on Thursday, as more people used its payments network.San Francisco-based Visa's adjusted net income rose to $2.1 billion, or 86 cents per Class A share in the second fiscal quarter ended March 31.Net income fell to $430 million or 18 cents per Class A share in the quarter, from $1.71 billion or 71 cents per share, reflecting a one-time charge related to Visa's purchase of Visa Europe.Net operating revenue rose 23.5 percent to $4.48 billion. (Reporting by Nikhil ...

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First Published: Fri, April 21 2017. 01:48 IST