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Visa Smashes Analyst Estimates – Bloomberg

Visa Inc. (V), the biggest payments network, said fiscal second-quarter profit surged 47 percent as customer spending on credit and debit cards rose.

Net income for the three months ended March 31 was $1.29 billion, or $1.91 a share, up from $881 million, or $1.23, a year earlier, the San Francisco-based company said today in a statement. The average estimate of 32 analysts surveyed by Bloomberg was for adjusted earnings per share of $1.51.

via Visa Profit Climbs 47% as Consumers Boost Credit-Card Spending – Bloomberg.

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