Summary Box: Visa 2Q profit jumps 24 percent

AP News
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Posted: May 05, 2011 7:04 PM

PROFIT JUMP: Visa Inc. posted a 24 percent jump in fiscal second-quarter profit, to $881 million, or $1.23 per share.

STOCK BUYBACK: The board approved a new $1 billion share repurchase program.

AFFIRMS GUIDANCE: The company still expects annual net revenue growth between 11 and 15 percent, implying between $8.95 billion and $9.11 billion for the year.