Is More Upside Left for Visa After Solid Fiscal Q2 Earnings?

Payment technology company Visa Inc. (V) posted encouraging fiscal second-quarter earnings results on the back of an uptick in travel and strong spending patterns that defied sticky price pressures. The payment company registered a net income of $4.7 billion, or$2.29 per share, in the first quarter, up from $4.3 billion, or$2.04 a share, a year ago.Visa generally earns a percentage from every debit and credit card transaction involving its products. Thus, a steady rise in consumer spending increased the f ...