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Visa beat expectations and raised its full-year outlook on Thursday, sending the stock up 6 percent in after-hours trading.
The largest credit card company by market share posted adjusted fiscal third-quarter earnings of 74 cents per share on revenue that rose to $3.52 billion from $3.16 billion a year ago.
Wall Street had expected the company to deliver quarterly earnings per share of 59 cents on $3.36 billion in revenue, according to consensus estimates from Thomson Reuters.
On a GAAP basis, the company reported EPS of 69 cents a share, up from 54 cents a share a year ago.
The stock was last up 6.5 percent to about $76 a share, surpassing its all-time intraday high of $73 a share.
The company also said it believes there is "compelling logic" for it and its former subsidiary Visa Europe to consummate a business combination.
"The company is targeting to resolve these discussions [with Visa Europe] by the end of October and will provide an update during the fourth quarter earnings call, if not sooner. There is no assurance, however, that any transaction will be ultimately agreed or implemented," Visa said, in a statement.
Visa shares spiked 5 percent in May after the company was said to be in talks of acquiring Visa Europe for as much as $20 billion, according to a report from Bloomberg.
The company said payments volume grew 11 percent, year-over-year, to $1.2 trillion on a constant dollar basis. Wall Street analysts had expected an increase of 9.9 percent.
Visa shares have increased more than 8 percent since the company processed a four-to-one stock split in March.
Earlier this week, Visa's board of directors declared a quarterly cash divided of 12 cents per share of class A common stock on Wednesday, payable in September.
—CNBC's Zack Guzman contributed to this report.