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MasterCard Earings Jump 63%, Stock Up $20 |
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Author: 123jump.com Staff
123jump.com
Last Update: 10:52 AM EDT October 31 2007
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MasterCard enjoyed a sharp rise in earnings of 63% on revenue gain of 20%. International growth and weak dollar helped MasterCard to lift earnings above the estimate of most analysts. In local currencies, purchasing volume growth was led by 29% increase in South Asia, Middle East, and Africa, followed by increases in 23.9% in Latin America, in Asia Pacific of 22.2%, in Europe 16%, in Canada of 14%, and 9.4% in the U.S. MasterCard also increased its stock buyback plan. |
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