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European expansion, payments growth help Visa beat earning expectations

Visa reported earnings that beat analysts' expectations Thursday after the bell.

Here's how the company did compared with what Wall Street expected:

  • EPS: 86 cents vs. 81 cents, according to Thomson Reuters
  • Revenue: $4.57 billion vs. $4.36 billion, according to Thomson Reuters

Last year, Visa reported earnings per share of 17 cents on $3.63 billion in revenue. This year's revenue figure represents a 26 percent year-over-year increase.

The company attributed the increase to the inclusion of Europe, growth in payments volume, cross-border volume and processed transactions.

Payments volume growth increased to 38...