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 (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on V at https://www.zacks.com/ap/V