Visa (V) rose more than 3% after hours following a better than expected second quarter earnings report showing 15% revenue growth.
The company posted$1.60 of EPS, 10 cents better than expectations. Revenue of $2.58 billion beat expectations for $2.48 billion. Payments volume grew 11% year over year.
“Our strong financial performance this quarter was fueled by continued growth of U.S. credit products, strong cross border spending and expansion of Visa’s core business in international markets,” said Chairman and CEO Joseph Saunders. “Across the globe Visa’s business continues to expand at a healthy pace, the result of our commitment to continued expansion in our core business as well as our ability to leverage innovative payment technologies.”
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