European Commission: The stock — a Dow component — had risen 4.2 percent this year, according to Euro News. Chief Financial Officer Vasant Prabhu on a conference call blamed weaker U.S. payment volumes due to gas prices and weakness in large commodity-based economies like Brazil for the lowered forecast. Shares of the company, which is amending its deal to buy Visa Europe, fell 4.7 percent to $77 in after-market trading on Thursday. Visa, which reported a better-than-expected profit for its second quarter ended March 31, said it swapped the earn-out option in its deal to buy Visa Europe for an increased cash consideration, following feedback from the European Commission. The cash consideration of the deal will be increased by 1.75 billion euros , the company said. The elimination of that earn out means the European banks can switch away from Visa sooner than they would have previously, said Gil Luria, a Wedbush Securities analyst.
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