​Shares of Visa Inc. fell in Thursday’s extended session despite better-than-expected quarterly results from the credit card company. Visa reported fiscal first-quarter net income of $2.52 billion, or $1.07 per Class A share, compared with $2.07 billion, or 86 cents per Class A share, a year earlier. On an adjusted basis, Visa would have earned $1.08 per Class A share. Net operating revenue rose to $4.86 billion from $4.46 billion. Analysts surveyed by FactSet had projected earnings of 98 cents a share on revenue of $4.82 billion. Visa credited strong growth in the U.S. on the back of holiday demand and e-commerce for its strong quarter. For fiscal 2018, the company reiterated its projection of net revenue growth in the “high single digits” percentage range and expects its bottom line to be driven by the tax cuts. Visa shares are off 0.8% after hours. The stock is up 10% year to date.
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