Visa's profit, revenue tops estimates on payment volume growth

BENGALURU (Feb 3): Visa Inc, the world's largest payments network operator, reported better-than-expected quarterly profit and revenue as more people made payments using its network.

The company, whose shares were up 3.4% in extended trading on Thursday, also affirmed its full-year profit and revenue forecasts.

"The battle between strong business fundamentals and unfavorable exchange rate shifts will drive our results as we look ahead to the rest of FY 2017", Chief Financial Officer Vasant Prabhu said on a conference call with analysts.

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