VISA Reports Earnings !!!
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VISA Reports Earnings After The Bell !!!!!!!!
Visa ( V ) reported strong numbers after the bell, sending shares higher in after-hours trading. Visa beat the street expectations posting an adjusted $0.78 earnings per share. Company more importantly reported a 12% Growth In Transaction Volume, over last year.
“We are very pleased with our fiscal first quarter earnings results and our ability to deliver strong operating performance,” said Joseph Saunders, Chairman and Chief Executive Officer. “Despite the increasingly challenging economy, processed transaction growth, the strength of debit, and the global diversity of our business continue to highlight the resilience of our business model.”
Keep in mind that Visa is not a lender, nor a bank. They make a “Percentage” on the transaction volume.
Shares are soaring at the moment, trading up in “After-Hours” trading.
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Tags: Credit Card Processing, Merchant Account, Visa, Visa Earnings
