Visa: Fiscal Q4 Earnings Snapshot

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SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Visa Inc. (V) on Tuesday reported fiscal fourth-quarter net income of $5.32 billion.

On a per-share basis, the San Francisco-based company said it had net income of $2.65. Earnings, adjusted for investment costs and amortization costs, were $2.71 per share.

The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.58 per share.

The global payments processor posted revenue of $9.62 billion in the period, also beating Street forecasts. Eleven analysts surveyed by Zacks expected $9.51 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on V at https://www.zacks.com/ap/V