- Citigroup Talks, But Nothing 'Walks' To Stabilize
- Soros: More Money Needed For U.S. Bailout
- HP Earnings: How Much Will "Hurt" From Economy?
- Obama Warns On Economy: Works On Stimulus Plan
- Citigroup's Ills May Signal Market Isn't Near Bottom
- US Inflation Bonds Hit by Deflation, May Recover
- Pros Say: Market Will Drop 5-10% — Ford Will Boom
- Bonds Drop on Profit-Taking, Geithner Move
- Jack Welch on Detroit: Let Them Go Bankrupt
- Out with Cox, in with Uptick Rule
- Pops & Drops: Hewlett-Packard, JP Morgan & Air Wagoner
- Mad Money Green Week: Owens Corning
- Fast & Furious: It's All About Soup
- Web Extra: The Trade on Walmart and RIMM
- Chartology: Grossly Oversold and Favoring the Upside
- The "Armageddon" Gameplan
- What's Next for Citigroup?
- What to Expect From a Geithner-led Treasury
Text Size 
Credit card network Visa said that quarterly earnings rose 41 percent as fee revenue from international transactions rose.
 |
Flikr/liewcf |
The results were better than Thomson's estimate of 48 cents per share.
Visa [V
Loading...
()
] said net income for the fiscal third quarter ended June 30 was $422 million, or 51 cents per class A share, compared with pro forma results of $299 million in the same quarter a year earlier, when the company was privately held.
Excluding litigation, restructuring and other expenses and items, the company earned 59 cents per class A share, compared with analysts' average forecast of 50 cents a share.
Total operating revenue rose to $1.61 billion from $1.37 billion in the same quarter a year earlier.
International transaction fee revenue rose 44 percent to $449 million.
Visa shares rose about 4.5 percent in extended trade.
Print
Email
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes