MasterCard Stock Surges on Higher-Than-Expected Profit

Shares of MasterCard were on the rise Thursday after reporting a higher-than expected profit.
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Shares of MasterCard (MA) - Get Report  were rising Thursday after reporting a higher-than expected profit. The world's second-largest payments processor posted earnings of $0.96 a share, six cents ahead of estimates. Revenue came in at $2.69 billion, that was also better than forecasts. Just last week, MasterCard announced that it would buy U.K.-based VocaLink, a payment processing and clearing company, for $920 million.