Visa Shares Slip on Mixed Guidance Update

Dow Jones
07/29

Visa shares were down less than 1% in post-market trading after the company tweaked its guidance for the year.

-- For the full year, Visa expects revenue to grow in the "low-end of low teens" and per-share earnings to be up in "the low-end of mid-teens"

-- Previous guidance was revenue growth in the low-double-digits to low teens, and low-teens EPS growth

-- In 3Q, revenue and adjusted earnings both beat analysts' estimates.

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