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UPDATE: MasterCard Posts Downbeat Q4 Profit

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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

 

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