Visa Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - Visa Inc. (V) released a profit for its third quarter that rose from the same period last year.

The company's bottom line totaled $2.33 billion, or $1.00 per share. This compares with $2.06 billion, or $0.86 per share, in last year's third quarter.

Excluding items, Visa Inc. reported adjusted earnings of $2.79 billion or $1.20 per share for the period.

Analysts had expected the company to earn $1.09 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.9% to $5.24 billion from $4.56 billion last year.

Visa Inc. earnings at a glance:

-Analysts Estimate: $1.09 -Revenue (Q3): $5.24 Bln vs. $4.56 Bln last year.