Market Overview

UPDATE: MasterCard Posts Downbeat Q4 Profit

Share:
Related MA
4 Ways To Make Quick Cash With These Tech Companies
Why Some Are Expecting Another Guidance Cut From VeriFone
Who Will Be The Winners Of India's War On Cash? (Seeking Alpha)

MasterCard (NYSE: MA) reported a 3% rise in its fourth-quarter profit.

MasterCard's quarterly profit surged to $623 million, or $0.52 per share, from a year-ago profit $605 million, or $0.49 per share.

Its revenue gained 12% to $2.13 billion. However, analysts were expecting a profit of $0.60 per share on revenue of $2.14 billion.

MasterCard shares fell 7.45% to $73.82 in pre-market trading.

Posted-In: profitEarnings News

 

Related Articles (MA)

View Comments and Join the Discussion!