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Visa net income rises YOY in fiscal Q1'17

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Visa net income rises YOY in fiscal Q1'17

Visa Inc. reported fiscal first-quarter 2017 net income of $2.07 billion, or 86 cents per class A common share, compared with $1.94 billion, or 80 cents per share, in the same quarter of fiscal year 2016.

The company said it did not record an adjusted earnings figure in the quarter comparable to the adjusted figure in the first quarter of fiscal 2016.

The S&P Capital IQ consensus GAAP and normalized EPS estimates for the quarter were both 78 cents.