Visa Inc. Updates 2017 Financial Outlook - Quick Facts

(RTTNews) - Visa Inc. (V) announced, for 2017, the company now expects GAAP: annual net revenue growth - 16% to 18% range on a nominal dollar basis, including 2.0 to 2.5 ppts of negative foreign currency impact; and annual class A common stock earnings per share growth - low 30s on a GAAP nominal dollar basis and mid-teens on an adjusted, non-GAAP nominal dollar basis, both including 2.5 to 3.0 ppts of negative foreign currency impact.

Alfred Kelly, Jr., CEO of Visa Inc., said: "As we look ahead, we continue to see good momentum in the business driven by domestic and cross-border volumes, increasing consumer participation in electronic payments in developing markets, and the further acceleration of e-commerce in developed markets," added Kelly. "We remain focused on the integration of Europe which is proceeding well."