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Update: Visa Fiscal Q2 Adjusted Earnings, Revenue Rise

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-- (Updates with share repurchase and dividend information in the last two paragraphs.)

Visa (V) reported fiscal Q2 adjusted earnings late Tuesday of $3.31 per diluted share, up from $2.76 a year earlier.

Analysts polled by FactSet expected $3.10.

Revenue for the three months ended March 31 was $11.23 billion, up from $9.59 billion a year earlier.

Analysts polled by FactSet expected $10.75 billion.

In April, the company's board authorized a new $20 billion multi-year share repurchase program, it said.

Visa also maintained its quarterly dividend at $0.67 per share, payable June 1 to holders on record as of May 12.

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