V Visa Inc

   By Maria Armental 
 

Visa Inc.'s (V) quarterly results beat expectations on an increase in consumer spending.

Overall, fourth-quarter profit rose 33% to $2.85 billion, or $1.23 a Class A share.

Net operating revenue rose 12% to $5.43 billion.

Analysts surveyed by FactSet projected $1.19 a share on $5.44 billion in revenue.

This year, Visa expects per-share profit to increase in the high teens range and revenue to rise in the low double digits, compared with analysts' expectations of per-share profit gaining roughly 20% and revenue rising roughly 11%.

Write to Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

October 24, 2018 16:33 ET (20:33 GMT)

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