February 06, 2013 at 19:12 PM EST
IBD 50's Visa Earnings Beat; CEO Scharf Eyes 'Enemy'
Consumers swiped their Visa debit and credit cards more often, and ran up higher tabs, driving better-than-expected first-quarter results for the world's largest card processor. Visa (V) earned $1.82 a share for the December-ending quarter, after backing out a one-time per-share tax gain of 11 cents. That was up 22% from a year ago, and 3 cents per share higher than the consensus estimate of analysts surveyed by Thomson Reuters.
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