Daily Journal masthead

MasterCard meets 2Q earnings expectations, misses revenue forecasts

bug
Share/Save/Bookmark

PURCHASE, New York — MasterCard Inc. (MA) on Wednesday reported second-quarter net income of $921 million.

The Purchase, New York-based company said it had net income of 81 cents per share. Earnings, adjusted for non-recurring costs, were 85 cents per share.

The results met Wall Street expectations. The average estimate of 18 analysts surveyed by Zacks Investment Research was also for earnings of 85 cents per share.

The processor of debit and credit card payments posted revenue of $2.39 billion in the period, missing Street forecasts. Fourteen analysts surveyed by Zacks expected $2.42 billion.

PHOTO: FILE - This Jan. 21, 2015, file photo, shows a window decal indicating that MasterCard is accepted at a New York business. MasterCard reports quarterly financial results on Wednesday, July 29, 2015. (AP Photo/Mark Lennihan, File)
FILE - This Jan. 21, 2015, file photo, shows a window decal indicating that MasterCard is accepted at a New York business. MasterCard reports quarterly financial results on Wednesday, July 29, 2015. (AP Photo/Mark Lennihan, File)

MasterCard shares have risen 10 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed nearly 2 percent. The stock has risen 25 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on MA at http://www.zacks.com/ap/MA

_____

Keywords: MasterCard, Earnings Report, Priority Earnings

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow Daily Journal:

All content copyright ©2015 Daily Journal, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.