Friday, February 8, 2013

Visa Earnings Rise

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Visa reported QE December 2012 financial results on February 6

Visa Earnings Push Higher

Visa (V) reported record gross revenues ($3.399 billion), net revenues ($2.85 billion), and record operating income ($1.80 billion) for the quarter ending December 2012. Net income ($1.293 billion) was the second best ever, as was GAAP earnings per share ($1.93). However, a tax benefit of $0.11 was included in earnings per share. Margins were solid. Total transactions volume increased +6% worldwide over December 2011. Read more and see charts at Seeking Alpha.

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