MasterCard 4Q earnings beat expectations
NEW YORK - MasterCard Inc. said Friday its fourth-quarter profit topped Wall Street expectations as consumer spending spiked, but the credit-card company warned margin growth may slow this year. The stock tumbled nearly 10 percent after hitting an all-time high in early trading.
The Purchase-based company, which went public in May 2006, posted quarterly profit of $41 million, or 30 cents per share, compared with a loss of $53 million, or 39 cents per share, a year earlier. Excluding the impact of litigation settlements, MasterCard reported a profit of $41 million, or 31 cents per share, in the latest period.
Revenue rose 17.2 percent to $839 million from $716 million a year ago.
The Purchase-based company, which went public in May 2006, posted quarterly profit of $41 million, or 30 cents per share, compared with a loss of $53 million, or 39 cents per share, a year earlier. Excluding the impact of litigation settlements, MasterCard reported a profit of $41 million, or 31 cents per share, in the latest period.
Revenue rose 17.2 percent to $839 million from $716 million a year ago.
Read more at: MasterCard 4Q earnings beat expectations
Labels: VISA and Mastercard
posted by e-borneo.com @ 5:43 PM
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