Visa Fiscal Q2 Non-GAAP EPS, Net Revenue Increase; Declares Dividend

Visa (V) reported fiscal Q2 non-GAAP earnings late Tuesday of $2.51 per diluted share, up from $2.09 a year earlier.

Analysts polled by Capital IQ expected $2.43.

Net revenue for the quarter ended March 31 was $8.78 billion, up from $7.99 billion a year earlier.

Analysts surveyed by Capital IQ expected $8.62 billion.

The company’s board declared a quarterly dividend of $0.52, payable on June 3 to holders of record on May 17.

Visa shares rose nearly 3% in after-hours trading.

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