Visa Inc (NYSE:V) released its earnings numbers for the three months through June this afternoon after the market closed on Wall Street. The credit card company showed earnings per share of $2.17 for the quarter, which it records as its third of the fiscal year 2014. Revenue for the period came in at $3.16 billion. On today’s market traders sent the company’s stock up in anticipation of this report, and shares stopped trading at $222.74.

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In the same three months of last year Visa Inc (NYSE:V) managed to earn $1.88 per share on revenue totaling $3 billion. The payments processing company was expected to earn $2.10 per share in the third quarter according to analyst consensus before these numbers were announced. The same analysts, numbering 29 and questioned by Businessweek, projected revenue of $3.15 billion at Visa.

Visa disappoints, but promises growth

The company’s Chief operating officer said “As expected, revenue growth was affected by a strong U.S. dollar and tepid growth from cross-border transactions. More importantly, global payments volume and processed transactions remained healthy and strong. While some of the headwinds will likely continue in the short-term, we are confident our investments in products such as Visa Checkout, new technologies like tokenization, and new relationships with financial institutions and merchants will continue to drive double-digit revenue growth over the long-term.”

The company’s headline numbers appear to have disappointed Wall Street on Thursday, and the company’s promise to maintain double-digit growth is having the remedial effect that the company might hope. In after-hours trading right after the announcement the company’s shares are trading down by more than 2%.

The firm says that it expects an operating margin in the low 60s for the full year. It also expects free cash flow to hit $5 billion. It seems the market was expecting a bigger beat, or a bigger increase in guidance from the company.

Visa continues consumer dividend

Visa Inc (NYSE:V) is one of the most direct beneficiaries of an increase in consumer confidence and consumer spending.The recovery in the economy, which is supposed to truly take hold this year, will massively impact the firm’s takings as consumers go out and buy today with tomorrow’s pay check.

Visa Inc (NYSE:V) shares have performed extremely well over the last number of years at it managed to expand its earnings numbers on the back of greater spending by Americans at retail. The company’s international numbers have not been quite as good, but investors are giving the company a lot of leeway. The firm’s shares are currently trading for more than 26 times last year’s earnings, a sign that a lot of growth is expected.

The company is set to host an earnings call to discuss this afternoon’s report at 5 PM EDT. Analysts and shareholders will be looking to speak to the company’s executives about their opinion on international tensions taking hold between east and west, which affected the company’s trade earlier this year, as well as its outlook for the credit and debit card business in Europe as the United States heads toward economic recovery.