Visa V released its fiscal second-quarter earnings results after the closing bell on Wednesday.
The company topped Wall Street earnings and revenue estimates and the stock was last up around 2 percent in late trading to $169.07.
Net income for the second-quarter was $1.27 billion or $1.92 per share, compared to $1.29 billion or $1.91 per share, in last year's corresponding quarter.
On an adjusted basis, net income was $1.27 billion or $1.92 per share versus $1.08 billion or $1.60 per share, last year. This easily topped analysts' consensus estimates of $1.81 per share.
Revenue for the quarter rose 15 percent to $2.96 billion from $2.58 billion last year. This also came in ahead of street expectations calling for sales of $2.85 billion.
Looking ahead to fiscal 2013, Visa said that it expects net revenue growth in the low double digits and EPS growth of around 20 percent.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in