SAN FRANCISCO (AP) _ Visa Inc. (V) on Tuesday reported fiscal third-quarter profit of $2.37 billion.

On a per-share basis, the San Francisco-based company said it had profit of $1.07. Earnings, adjusted for non-recurring gains, were $1.06 per share.

The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.

The global payments processor posted revenue of $4.84 billion in the period, which also topped Street forecasts. Eleven analysts surveyed by Zacks expected $4.81 billion.

Visa shares have climbed almost 5% since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. In the final minutes of trading on Tuesday, shares hit $196.74, a climb of slightly more than 7% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on V at https://www.zacks.com/ap/V

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