visa earnings

Wall Street Watch: Icahn Streams Into Netflix, Buys a 10% Stake

Carl Icahn is making a move on Netflix. The infamous activist investor and corporate raider has taken a nearly 10% stake in the DVD rental and video streaming giant, which means he must see a way to make a profit on its recent troubles. So does Icahn have a buyer in mind?

Visa 4Q profit rises 14 percent on heavy card use

Increased use of debit and credit cards throughout the world pushed Visa Inc.'s fiscal fourth-quarter profit up 14 percent. But its quarterly revenue came in shy of Wall Street expectations, in part because because the company has been cutting deals with merchants to hold onto or attract business as it tries to cope with new regulations.

5 Things to Watch This Week

There's never a dull moment on Wall Street, especially when new tablets and old banks are in the way. Let's go over some of the items that will help shape the week ahead once Monday rolls around.

Week in Preview: The Earnings Crunch Rolls On

Dozens of companies report earnings this week, and analysts surveyed by Thomson Reuters are anticipating lots of strong quarterly reports. Among those re ConocoPhillips, Microsoft and Visa. Likely to post losses are Eastman Kodak, Office Depot and Sprint Nextel.

Consumer Spending Helps Visa's 3Q Earnings

An increase in consumer spending helped boost credit card processor Visa's (V) third quarter earnings. After Wednesday's market close, Visa reported net income of $716 million or 97 cents a share, with revenues of $2 billion.