UPDATE: MasterCard Posts Downbeat Q4 Profit
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.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.