Visa Q4 results beat Wall Street expectations on payments volume growth

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Visa Q4 results beat Wall Street expectations on payments volume growth
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Investing.com--Visa reported Tuesday fiscal fourth quarter results that beat analysts’ forecasts, driven by a growth in payments volume and cross-boarder transactions.

Visa (NYSE:V) rose 1% in after-hours trade following the report.

For the three months ended Sept. 30, Visa reported per share of $2.98 on revenue of $10.72 billion. Analysts polled by Investing.com anticipated EPS of $2.97 on revenue of $10.61 billion.

Payments volume for the quarter, increased 9% year over year in Q4, the higher-margin cross-border volume gained 12%, and processed transaction was up 10%.

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