Weaker estimates cast shadow over Visa share price
Q1 gain better than expected, but full-year expenses expected to be higher
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VISA Inc reported a better-than-expected quarterly profit on Thursday, joining rival Mastercard, as a solid holiday shopping season boosted transactions on its payment network.
However, shares fell 1.52 per cent in extended trading as Visa sees higher full-year expenses and slower revenue growth in the current quarter.
