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MasterCard Earnings Call, Second Quarter 2008
Author: Maclintosh Kuhlengisa
123jump.com
Last Update: 3:19 PM ET August 12 2008

The payment solutions provider reported a net loss of $747 million, or $5.74 per diluted share, despite net revenue growth of 25%, to $1.2 billion. The loss was driven by a special item related to the settlement of the anti-trust litigation with American Express. Given the challenging times, Mastercard is working closely with its financial institution customers to identify and deliver solutions that help maximize their payments business.

 

 

 
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