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Visa Inc. Q1 Earnings Retreat

Visa Inc. (V) revealed earnings for first quarter that fell from last year.

The company's bottom line came in at $3.13 billion, or $1.42 per share. This compares with $3.27 billion, or $1.46 per share, in last year's first quarter.

Analysts had expected the company to earn $1.28 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 6.0% to $5.69 billion from $6.05 billion last year.

Visa Inc. earnings at a glance:

-Earnings (Q1): $3.13 Bln. vs. $3.27 Bln. last year.
-EPS (Q1): $1.42 vs. $1.46 last year.
-Analysts Estimate: $1.28
-Revenue (Q1): $5.69 Bln vs. $6.05 Bln last year.

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