Visa Q3 Profit Declines 2%; Backs FY10, FY11 Earnings Outlook

Credit card service provider Visa Inc., said Wednesday its third-quarter profit declined 2% over last year, primarily due to lower investment income despite double-digit growth across all revenue categories. Looking ahead, the company reaffirmed its earnings outlook for fiscal years 2010 and 2011.

Visa Swipes Strong Second Quarter

Credit card firm records rising cross-border volumes, processes more transactions.

Visa Beats on Strong Top Line

Visa's fiscal third-quarter earnings of 97 cents per share were substantially ahead of the Zacks Consensus Estimate of 93 cents.

Visa 3Q profit slips 2 percent; tops Street view

Visa Inc. on Wednesday said its third-quarter profit slipped 2 percent, hurt by a sharp drop in investment income, but it posted increased operating income and maintained a strong forecast for its fiscal year.

Visa 3Q Profit Slips On Prior-Year Gain; Revenue Up 23%

Visa 3Q Profit Slips On Prior-Year Gain; Revenue Up 23%