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Wednesday, Jul 24
More on Visa (V) FQ3 earnings: Net operating revenue of $3B up 17% Y/Y. Payments volume growth...
More on Visa (V) FQ3 earnings: Net operating revenue of $3B up 17% Y/Y. Payments volume growth of 13% to $1.1T. Total processed transactions of 15B, up 14%. Service revenue of $1.3B up 7%. Data processing revenue of $1.2B up 15%. International transaction revenue of $854M up 14%. Operating expenses of $1.2B up 9%. 6M shares repurchased leaving $61M in remaining funds under existing program. New buyback authorization of $1.5B is announced. Fiscal 2013 revenue growth guidance of 13%; EPS guidance in the low twenties. Shares +2.6% AH. CC at 5 ET. (PR)