SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Visa Inc. (V) on Tuesday reported fiscal fourth-quarter earnings of $4.68 billion.
The San Francisco-based company said it had profit of $2.27 per share. Earnings, adjusted for one-time gains and costs, were $2.33 per share.
The results topped Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $2.23 per share.
The global payments processor posted revenue of $8.61 billion in the period, which also topped Street forecasts. Thirteen analysts surveyed by Zacks expected $8.55 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