3rd quarter profits are a-plenty here.
MasterCard Inc., owner of the nation’s second-largest credit card brand, said Wednesday its third-quarter profit climbed 82 percent, reflecting increased revenue and a higher number of purchases worldwide.
Some of you should give yourselves a pat on the back, you helped them do it.
The 'speculators' missed this one big-time.
The latest results beat the consensus estimate of $1.07 in earnings per share on $871.2 million in revenue, according to a Thomson Financial poll.
Actual results may vary.
The company said it earned $193 million, or $1.42 per share, for the three months ended Sept. 30 versus $106.1 million, or the equivalent of 79 cents a share, a year earlier when MasterCard was a private entity owned by the nation’s largest banks.
An interesting study might be looking at the differences in MasterCard as both a private and public entity. In fact, others are trying to keep up with the Jones'.
Since MasterCard completed an initial public offering in May, rival Visa USA announced that it too will go public.
So it looks like some people are making more money and some are spending more. It's pretty easy to figure out who is who.
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