Market Overview

UPDATE: MasterCard Posts Higher Q2 Profit

Share:
Related MA
Jacobs Engineering, Mastercard, NRG Energy: 'Fast Money Halftime Report' Traders Share Their Picks
Mark Yusko Explains 'The Miracle Of Bitcoin'
USS Investment Management Ltd Buys Altria Group Inc, Rogers Communications Inc, Comcast Corp, ... (GuruFocus)

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.

Posted-In: profitEarnings News

 

Related Articles (MA)

View Comments and Join the Discussion!