MasterCard posted fourth-quarter profit that beat analysts' estimates as customers made more purchases. The shares climbed in early trading. Net income excluding litigation charges increased 18 percent to $605 million from $514 million.
January 31, 2013 at 12:00 AM
1 minute read
MasterCard the second-biggest U.S. payments network, posted fourth-quarter profit that beat analysts’ estimates as customers made more purchases. The shares climbed in early trading.
Net income excluding litigation charges increased 18 percent to $605 million, or $4.86 a share, from $514 million, or $4.03, a year earlier, the Purchase, New York-based company said today in a statement. The average estimate of 33 analysts surveyed by Bloomberg was $4.80 a share.
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