Visa Inc. is likely to report positive second-quarter earnings Thursday afternoon, an analyst said.
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Given the strength in MasterCard Inc.'s transactions and volume during its first quarter, Visa should "at least modestly" exceed analysts' expectations, Gregory Smith, managing director of Duncan Williams Inc., said in a research note Tuesday.
MasterCard's net income increased 23.6%, to $562 million, in its first quarter from the same period a year earlier. The Purchase, N.Y., card brand's revenue rose 14.8%, to $1.5 billion.
"Across the board, MasterCard's transactions and volumes were ahead of our expectations," Smith said. "We see no reason why Visa should not see similar trends."
