MasterCard Inc. (MA) Profit Surges 70 Percent
MasterCard Inc., the world's second-biggest credit card franchise, on Wednesday reported favorable currency exchanges and stronger use of its brand overseas led to a record first-quarter profit.
The Purchase, New York-based company said profit for the first three months of the year rose to $214.9 million, or $1.57 per share, from $126.7 million, or 94 cents per share, in the year-ago period. Revenue climbed 24 percent to $915.1 million from $738.5 million.
The No. 2 card network behind Visa easily topped Wall Street projections for earnings of $1.15 per share on revenue of $840 million, according to analysts polled by Thomson Financial.
The Purchase, New York-based company said profit for the first three months of the year rose to $214.9 million, or $1.57 per share, from $126.7 million, or 94 cents per share, in the year-ago period. Revenue climbed 24 percent to $915.1 million from $738.5 million.
The No. 2 card network behind Visa easily topped Wall Street projections for earnings of $1.15 per share on revenue of $840 million, according to analysts polled by Thomson Financial.
Labels: MA, Mastercard Inc.
posted by Stock Administrator @ 10:07 PM
0 Comments:
Post a Comment
<< Home