Visa Inc. (NYSE:V) is set to report third-quarter earnings after the closing bell on Tuesday, July 29. The report follows news that Japan's Fair Trade Commission has taken its first administrative action against the credit card industry, targeting Visa Worldwide Pte Ltd.—a Singapore-based subsidiary—for alleged monopolistic practices.
Analysts expect the San Francisco-based company to report earnings of $2.85 per share, up from $2.42 per share a year ago. Revenue is projected to reach $9.85 billion, compared to $8.9 billion in the same quarter last year, according to Benzinga Pro.
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