UPDATE: MasterCard Posts Higher Q2 Profit
MasterCard (NYSE: MA) reported a better-than-expected second-quarter profit.
MasterCard's quarterly profit surged to $848 million, or $6.96 per share, from $700 million, or $5.55 per share, in the year-ago period.
Its revenue climbed 15% to $2.1 billion from $1.82 billion. However, analysts were projecting earnings of $6.30 per share on revenue of $1.90 billion.
MasterCard shares gained 2.92% to $619.00 in pre-market trading.
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