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Thursday November 23rd, 2017 6:17AM

Visa beats Street 4Q forecasts

By The Associated Press
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SAN FRANCISCO (AP) — Visa is reporting a fourth-quarter profit of $2.14 billion.

On a per-share basis, the San Francisco company had a profit of 90 cents, beating Wall Street expectations by 5 cents per share, according to a survey by Zacks Investment Research. The company's stock jumped 2 percent before the opening bell Wednesday.

The global payments processor posted revenue of $4.86 billion in the period, which also topped Street forecast for $4.62 billion.

Shares of Visa Inc. have risen 39 percent since the beginning of the year.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on V at https://www.zacks.com/ap/V

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