July 5, 2011
Despite the Federal Reserve’s new debit interchange limits, Visa is sticking with its initial May forecast and predicting annual revenue growth between 11 percent and 15 percent for this fiscal year.
“It’s the same forecast the San Francisco payments network operator announced in May, which translates to revenue of between $8.95 billion and $9.11 billion,” reports the Associated Press. “Still, Wall Street is looking for $10.16 billion in revenue.”
In 2012, Visa expects revenue growth in the high-single-digit to low-double-digit range, and earnings-per-share growth in the middle-to-high teens.
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