“MasterCard Inc.’s second-quarter profit increased 15% as cardholder transactions and payments volume continued to grow, though revenue slightly missed expectations.
The Purchase, N.Y.-based company said it earned $700 million, or $5.55 per share, up from $608 million, or $4.76 per share, a year earlier. The results included a previously disclosed $20 million pretax charge for a pending multi-billion settlement of merchant lawsuits MasterCard, Visa Inc. and numerous banks entered into last month.
Excluding the charge, MasterCard posted a profit of $713 million, or $5.65, beating analysts’ estimates.”
If you enjoy the content at iBankCoin, please follow us on Twitter
