Visa Q2 Results Top Estimates

(RTTNews) - Visa Inc. (V) reported net income for the second quarter was $1.55 billion or $0.63 class A share, compared to $1.60 billion or $0.63 per class A share fo the year-ago quarter.

Net operating revenue for the second quarter rose 8% to $3.41 billion from $3.16 billion in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.62 per share on revenue of $3.34 billion for the second quarter.

Visa reaffirmed its fiscal full year 2015 outlook for constant dollar revenue growth of low double digits, with an expectation of two percentage points of negative foreign currency impact. However, the company the company now expects fiscal full year 2015 earnings per share growth at the low-end of the previously guided mid-teens range.