SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Visa Inc. (V) on Tuesday reported fiscal fourth-quarter net income of $6 billion.
On a per-share basis, the San Francisco-based company said it had profit of $3.19. Earnings, adjusted for non-recurring costs and amortization costs, were $3.48 per share.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $3.43 per share.
The global payments processor posted revenue of $12.14 billion in the period, which also topped Street forecasts. Ten analysts surveyed by Zacks expected $12.08 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
