Visa Inc. once again lowered its outlook for revenue growth in the fiscal second quarter, saying the coronavirus pandemic has led to a sharp decline in cardholders’ overseas spending.
The company now expects adjusted revenue growth by a percentage “in the high end of mid-single-digit” range for the three months through March, while expenses are likely to climb by a percentage in the “low end of high single digits.” The firm had already lowered its outlook once this month after seeing its business in Asia ravaged by the virus.
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