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• V 65% Rate It

Credit card issuer Visa Inc. ( V ) late Wednesday said it swung to a fiscal third quarter loss on litigation provision charges, although adjusted results still beat Wall Street's expectations.

The San Francisco-based company reported a fiscal third quarter net loss of $1.84 billion, or -$2.74 per share, compared with a net profit of $1 billion, or $1.43 per share, in the year-ago period. Excluding one-time items, adjusted profit was $1.56 per share.

Revenue rose 10% from last year to $2.6 billion.

On average, Wall Street analysts expected a smaller profit of $1.45 per share for the latest quarter.

Visa shares rose $1.73, or +1.4%, in aftermarket trading Wednesday.

The Bottom Line
Shares of Visa ( V ) have a .72% dividend yield, based on last night's closing stock price of $122.20. The stock has technical support in the $115-$120 price area. The stock is trading near all-time highs of $127-$128 a share.

Visa Inc. ( V ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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