Visa Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - Visa Inc. (V) revealed a profit for its second quarter that climbed from last year.

The company's profit came in at $2.61 billion, or $1.11 per share. This compares with $0.43 billion, or $0.18 per share, in last year's second quarter.

Excluding items, Visa Inc. reported adjusted earnings of $2.6 billion or $1.11 per share for the period.

Analysts had expected the company to earn $1.02 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.2% to $5.07 billion from $4.48 billion last year.

Visa Inc. earnings at a glance:

-Earnings (Q2): $2.6 Bln. vs. $2.1 Bln. last year. -EPS (Q2): $1.11 vs. $0.86 last year. -Analysts Estimate: $1.02 -Revenue (Q2): $5.07 Bln vs. $4.48 Bln last year.