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MasterCard Charges Ahead
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MasterCard(MA Quote) soared 13% after the credit card company posted a 63% jump in earnings.
In the three months ended Sept. 30, the Purchase, N.Y., company made $314 million, or $2.31 a share, compared to $193 million or $1.42 a share in the year-ago period. Revenue rose 20% from a year ago to $1.08 billion.
The results included an after-tax gain of $70 million, or 51 cents a share, from MasterCard's sale of 25% of its stake in Brazilian credit card processor Redecard. ...
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