April 20, 2017Blog Posts

Visa’s $20 Billion European Expansion Starts to Bolster Revenue

Bloomberg:

Visa Inc. went to Europe, spent a lot, and has no regrets. Revenue climbed more than analysts expected in the fiscal second quarter and is expected to increase to the upper end of company’s earlier forecast even as expenses remain elevated on costs tied to its purchase last year of Visa Europe. The payments network spent about $1.5 billion in the period ended March 31 on expenses related to the acquisition, but investors appear to be betting that the pain will be worth the later gain, sending shares higher in extended trading.

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