EARNINGS SUMMARY: Details of Visa Inc. Q1 Earnings Report

(RTTNews) - Visa Inc. (V) revealed a profit for its first quarter that increased from the same period last year.

The company's bottom line came in at $2.98 billion, or $1.30 per share. This compares with $2.52 billion, or $1.07 per share, in last year's first quarter.

Analysts had expected the company to earn $1.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.4% to $5.51 billion from $4.86 billion last year.

Visa Inc. earnings at a glance:

-Earnings (Q1): . vs. $2.54 Bln. last year. -Analysts Estimate: $1.25 -Revenue (Q1): $5.51 Bln vs. $4.86 Bln last year.