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Visa Inc Sees FY 2012 Guidance At High End Of Prior Range; Authorizes New $500 Million Share Repurchase Program
Visa Inc updated financial outlook for fiscal 2012 and annual net revenue growth in the low double digits; adjusted annual diluted class A common stock earnings per share growth in the high teens. The Company reported revenue of $9.188 billion and EPS of $4.99 in fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $9.939 billion and EPS of $5.87 for fiscal 2012. The Company also announced that its Board of Directors has authorized a new $500 million class A share repurchase program. The authorization will be in place through February 1, 2013, and is subject to further change at the discretion of the Board.
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