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IPO Outlook: 
Visa Earnings Rise 28%
Author: 123jump.com Staff
123jump.com
Last Update: 7:47 PM EDT April 28 2008



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Visa reported after the close, second quarter net income of $1.45 billion and net income of $314 million compared to $246 million. Earnings per share were 39 cents or adjusted earnings per share were 52 cents. Visa priced its initial public offering at $44 on March 18 of this year. The stock had run up in anticipation of earnings and fell 5% in the after hours of trading.

 

 

 

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