SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Visa Inc. (V) on Tuesday reported fiscal third-quarter net income of $5.27 billion.
The San Francisco-based company said it had profit of $2.69 per share. Earnings, adjusted for non-recurring costs and amortization costs, came to $2.98 per share.
The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $2.86 per share.
The global payments processor posted revenue of $10.17 billion in the period, also topping Street forecasts. Twelve analysts surveyed by Zacks expected $9.87 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on V at https://www.zacks.com/ap/V
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