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Stock Loser - (NYSE:MA) Reports Profit, Shares Down
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MasterCard Incorporated (NYSE:MA) fell 3.30% to $215.31 after it reported Tuesday a third-quarter profit of $452 million, or $3.45 a share, compared to a loss of $194 million, or $1.48 a share, in the year-ago period. Net revenues rose 2%, to $1.36 billion. Excluding special items, profit was $3.48 a share. Analysts surveyed by FactSet Research had expected, on average, profit of $2.94 a share on revenue of $1.35 billion. Credit card company MasterCard said it saw a 7.6% year-on-year increase in the number of transactions processed, to 5.8 billion.
MasterCard Incorporated (MasterCard) is a global payment solutions company that provides a variety of services in support of the credit, debit and related payment programs of over 24,000 financial institutions and other entities that are its customers.
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