MasterCard proft rises 18%
Posted: Thu Jan 31, 2013 5:21 amMasterCard proft rises 18%
from MarketWatch.com - MarketPulse
NEW YORK (MarketWatch) -- MasterCard said Thursday its fourth quarter profit for 2012 was up by 18%. The company reported net income of $605 million or $4.86 a share. Wall Street analysts expected the credit card company to earn $4.80 a share according to a survey by FactSet. The credit card company said net revenue for the fourth-quarter was $1.9 billion, an increase of 10% compared to a year earlier. The world's second biggest payments network reported an increase in processed transactions of 20% to 9.2 billion. MasterCard reported cross-border volumes were up 17% in the fourth-quarter. MasterCard shares are up in trading before the opening bell and have been up more than 45% in the last 12 months.
from MarketWatch.com - MarketPulse
NEW YORK (MarketWatch) -- MasterCard said Thursday its fourth quarter profit for 2012 was up by 18%. The company reported net income of $605 million or $4.86 a share. Wall Street analysts expected the credit card company to earn $4.80 a share according to a survey by FactSet. The credit card company said net revenue for the fourth-quarter was $1.9 billion, an increase of 10% compared to a year earlier. The world's second biggest payments network reported an increase in processed transactions of 20% to 9.2 billion. MasterCard reported cross-border volumes were up 17% in the fourth-quarter. MasterCard shares are up in trading before the opening bell and have been up more than 45% in the last 12 months.