NEW YORK (TheStreet) -- Visa (V) - Get Report shares are jumping by 7.47% to $77 in after-hours trading on Thursday, after the company reported strong fiscal 2015 third quarter earnings results that topped analysts' estimates.
For the latest quarter, the company reported earnings of 74 cents per share on revenue of $3.5 billion.
Analysts had expected Visa to post earnings of 59 cents per share on revenue of $3.36 billion for the latest quarter.
In the same period the previous year, the company earned 54 cents per share on revenue of $3.16 billion.
"We continue to deliver solid financial results and operating metrics without the help of an improving economic environment," CEO Charlie Scharf said in a statement. "Strong underlying fundamentals continue to offset the drag from geopolitical tension and the strengthening dollar on our business."
San Francisco, CA-based Visa is a payments technology company that operates as a retail electronic payments network.
Separately, TheStreet Ratings team rates VISA INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate VISA INC (V) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. 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. We feel its strengths outweigh the fact that the company shows weak operating cash flow."
You can view the full analysis from the report here: V Ratings Report