Visa: Fiscal Q3 Earnings Snapshot

Visa: Fiscal Q3 Earnings Snapshot

SAN FRANCISCO (AP) _ Visa Inc. (V) on Tuesday reported fiscal third-quarter profit of $3.41 billion.

The San Francisco-based company said it had net income of $1.60 per share. Earnings, adjusted for non-recurring costs and investment costs, came to $1.98 per share.

The results topped Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.

The global payments processor posted revenue of $7.28 billion in the period, also surpassing Street forecasts. Thirteen analysts surveyed by Zacks expected $7.06 billion.

This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on V at