It seems that Visa may be hitting on all cylinders.
The company's profit rose 27.6% to $314 million, or 39 cents per share, during its fiscal second quarter from $246 million, or 93 cents per share, in the year-ago period. Revenue climbed 22% to $1.45 billion from $1.19 billion.
Adjusted earnings, which exclude special items, were 52 cents per share, far exceeding the average analyst estimate of 46 cents per share, according to Thomson Financial.
They cited international growth and the increased use of Debit cards as their growth drivers. I wonder if this growth will ramp up as the economy starts to recover?
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