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January, 17, 2017

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Emerging market opportunities help Visa top July-September expectations

NEW YORK -- Visa beat Wall Street's expectations for the latest quarter as it sought out business overseas.

The payments processing company made US$1.7 billion for the fiscal fourth quarter, which covered July through September, or US$2.47 per share. That was nearly double the US$880 million, or US$1.27, that it made in the same period a year ago. After adjusting for one-time items, earnings were US$1.54. That beat the predictions of analysts polled by FactSet, who had expected US$1.50.

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