UPDATE: MasterCard Q3 Profit Surges 14% - Mastercard (NYSE:MA)

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MasterCard (NYSE: MA) reported a 14% rise in its third quarter.MasterCard's quarterly net income surged to $879 million, or $7.27 per share, versus a year-ago profit of $772 million, or $6.17 per share. Its revenue climbed 16% to $2.22 billion. However, analysts were expecting a profit of $6.94 per share on revenue of $2.14 billion.MasterCard shares gained 1.13% to $733.87 in pre-market trading.

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