02 November 2010

MasterCard posts 3Q profit jump of 15 percent - Yahoo! Finance

MasterCard posts 3Q profit jump of 15 percent - Yahoo! Finance
MasterCard Inc. on Tuesday said increased use of credit and debit cards, especially overseas, helped lift its third-quarter profit by 15 percent.
The payments processor recorded a net income of $518 million, or $3.94 per share, for the three months ended Sept. 30. That compares with $452 million, or $3.45 per share, in the year-ago quarter.
Revenue rose 5 percent to $1.43 billion, from $1.36 billion last year.