That statement is likely to be seen as a positive by Wall Street, which is concerned about the potential for a forced cut in credit interchange fees that might echo the required debit card fee reductions.
Visa now expects annual revenue growth in the low double digits, which removes the lower end of its prior forecast for high-single digit to low-double digit growth. It forecast earnings per share growth in the high teens, updating its prior projection for a high single-to low-double digit range.
The results buoyed the stock. In aftermarket electronic trading, Visa shares added $3.35, or 3 percent, to $111.70. The stock closed the regular session up $1.37 at $108.35.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.