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Visa reported 16% profit growth in the last quarter of 2010

The American company Visa announced the profit growth of 16 percent in the fourth quarter of 2010 on an annual basis. This is a signal that consumers begin to spend again, which in turn gives arguments that the economy has stabilized. The volume of transaction cards issued by Visa, increased by 14 percent during the quarter to 30 September. These are the most recent data that has card operator. The Visa's Earnings for the fourth quarter of 2010, the first for the fiscal year for the company is 884 million dollars or 1.23 dollars per share of Class A. For the same period last year the company achieved a profit of 763 million dollars or 1.02 dollars per share. The company's revenues amounted to 2.24 billion dollars. The number of transactions in the company's network even has jumped by 15 per cent. The preliminary estimates of analysts was for profit of 1.21 dollars per share and revenue of 2.23 billion dollars. Shares of Visa declined in increased trading period, since in the regular session, rose 2 percent to 72.09 dollars a share.