Global growth boosts MasterCard 4Q net income
MasterCard announced Jan. 31, 2013, that its net income rose to $605 million, or $4.86 per share, from $19 million, or 15 cents per share, a year earlier. (July 30, 2012) Credit: AP
MasterCard says its net income rebounded strongly in the fourth quarter as its overseas business continued to expand.
Net income rose to $605 million, or $4.86 per share, from $19 million, or 15 cents per share, a year earlier.
Net revenue rose 10 percent to $1.90 billion.
The Purchase, N.Y.-based company took a charge of nearly $500 million in the year-earlier quarter. The charge covered the cost of a settlement with retailers over the fees they pay on credit card transactions.
The company's latest results beat analysts' estimates, sending MasterCard stock sharply higher in premarket trading.
Sarra Sounds Off, Season 3, Ep 3: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Northport and Half Hollow Hills East matchup, plus Tess Ferguson has an update on the high school fantasy football standings and Jared Vailuzzi has the plays of the week.
Sarra Sounds Off, Season 3, Ep 3: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Northport and Half Hollow Hills East matchup, plus Tess Ferguson has an update on the high school fantasy football standings and Jared Vailuzzi has the plays of the week.
