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Visa, MasterCard Emerge From Downturn

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For two companies battered by a nationwide credit crunch and consumer-spending squeeze, Visa and MasterCard have emerged surprisingly well.

Visa is expected to show earnings of 91 cents a share for the final three months of 2009, its fiscal first quarter, when the credit-card company reports Wednesday. That compares with 78 cents a year earlier. Revenue is expected to be $1.9 billion, up about 10% from the prior year, according to analysts polled by Thomson Reuters.

Read the whole story at Wall Street Journal