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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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Published Fri, Feb 2, 2018 · 09:50 PM

    Bengaluru

    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.

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