PURCHASE, N.Y. (AP) — MasterCard Inc.'s second-quarter net income climbed 9.8 percent, topping analysts' expectations. The Purchase, New York-based company said profit increased to $931 million, or 80 cents per share, from $848 million, or 70 cents per share, in the same quarter a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for a profit of 77 cents per share. The company said revenue rose 13 percent to $2.38 billion from $2.1 billion in the same quarter a year earlier, and beat Wall Street forecasts.
Mastercard 2q Profit Rises 9.8 Percent
Business Heds Index, Seattle Post-Intelligencer: Business
Thu, 07/31/2014 - 5:55am
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