NEW YORK (TheStreet) -- Shares of Visa (V) - Get Report were increasing in after-hours trading on Monday after the company posted better-than-expected results for the 2016 fiscal fourth quarter.

After today's closing bell, the San Francisco-based credit card company reported adjusted earnings of 78 cents per share, topping analysts' estimates of 73 cents per share.

Total operating revenue for the period was $4.26 billion, above analysts' estimates of $4.23 billion.

"We continue to deliver healthy earnings growth in the face of continued, but abating headwinds. We have begun to see the benefits from our acquisition of Visa Europe and strong cost discipline helped our results," CEO Charlie Scharf said in a statement.

Last week, Scharf said he would step down as CEO effective December 1.

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(Visa is held in Jim Cramer's charitable trust Action Alerts PLUS. See all of his holding with a free trialhere.)

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.

The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance.

The team believes its strengths outweigh the fact that the company has had sub par growth in net income.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: V

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