Visa, Inc (V)

Visa Inc. reported fiscal year fourth-quarter GAAP net income of $514 million or $0.69 per class A common stock, compared to a loss of $356 million or $0.45 per class A common stock in the prior year quarter. Total operating revenues for the quarter were $1.88 billion, compared to $1.71 billion in the prior year quarter.
Revenue was higher than analysts' estimates and the company company announced that its board has authorized a $1 billion share repurchase plan. The authorization will be in place through September 30, 2010, and is subject to extension or expansion at the determination of Visa's Board of Directors.

Oct 27 · 7:49:00 PM · Source: Company News Release
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by Larry Etter