(Refiling to correct date in dateline)
(Adds background, details)
NEW YORK, Feb 9 (Reuters) - MasterCard Inc. (MA.N: Quote, Profile<"" >
(Refiling to correct date in dateline) (Adds background, details) NEW YORK, Feb 9 (Reuters) - MasterCard Inc. (MA.N: Quote, Profile, Research), the credit card company that went public in May, reported a better-than-expected fourth-quarter profit on Friday, reversing a year-ago loss and sending its shares to a record high. MasterCard, which processes credit card payments for merchants, also said it was raising its quarterly dividend by 66.7 percent to 15 cents a share. Fourth-quarter profit totaled $40.9 million, or 30 cents a share, compared with a year-earlier loss of $52.9 million, or 39 cents a share. Excluding the impact of litigation settlements, profit was 31 cents a share. On that basis, analysts polled by Reuters Estimates had forecast, on average, 15 cents a share. MasterCard shares were up 4.1 percent at $119.50 in premarket trade, an all-time high for the stock. The company went public last year at $39 a share. Continued... © Reuters 2007. All rights reserved.
Editors Choice: Best pictures AMSTERDAM (Reuters) - Riding the wave of demand for mobile communications in developing countries and finding new ways to make money from maturing markets will be preoccupations at the world's top wireless trade show, 3GSM, in Barcelona.
Full Article Reuters.com:
Help |
Contact Us |
Advertise With Us |
Mobile |
Newsletters |
RSS Reuters Corporate:
Copyright |
Disclaimer |
Privacy |
Products & Services |
Professional Products Support |
About Reuters |
Careers International Editions:
Arabic |
Argentina |
Brazil |
Canada |
Chinese Simplified |
Chinese Traditional |
France |
Germany |
India |
Italy |
Japan |
Latin America |
Mexico |
Russia |
South Africa |
Spain |
United Kingdom |
United States Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Reuters journalists are subject to the Reuters Editorial Handbook which requires fair presentation and disclosure of relevant interests.MasterCard quarterly profit beats Street view
Company News
Market View
MA.N
Last:
Change:
Revenue (ttm):
EPS:
Market Cap:
Time:
Reuters Pictures
from the last 24 hours.
View Slideshow
Insights
Wireless industry to focus on growth at trade show
Fri Feb 09, 2007 01:56PM EST
|
Widgets |
Interactive TV |
Labs |
Site Index