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MasterCard Third Quarter Earnings Call |
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Author: Maclintosh Kuhlengisa
123jump.com
Last Update: 10:40 AM EDT November 02 2007
The payment solutions provider realised a 63% surge in income to $314 million or $2.31 a share, from $193 million or $1.42 a share in 2006 as it benefited from disposal of a stake in Redecard and robust revenue growth. The firm repurchased 2 million shares of Class A common stock at a cost of $277 million, as the board authorized a further incremental $750 million. The company continued to benefit from positive secular trends and outstanding growth in international and emerging markets. |
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