SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Visa Inc. (V) on Tuesday reported fiscal fourth-quarter earnings of $5.09 billion.
On a per-share basis, the San Francisco-based company said it had profit of $2.62. Earnings, adjusted for one-time gains and costs, were $2.98 per share.
The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $2.97 per share.
The global payments processor posted revenue of $10.72 billion in the period, also surpassing Street forecasts. Twelve analysts surveyed by Zacks expected $10.62 billion.
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