Mastercard (MA)

Mastercard (MA)

Postby kennynah » Thu Jul 31, 2008 8:23 pm

top line better than expected...but it is a loss in EPS

Mastercard falls to loss in Q2 - quick facts
7/31/2008 8:21 AM ET


(RTTNews) - Mastercard Inc. (MA: News, Chart, Quote ) reported a second-quarter net loss of $746.65 million or $5.74 per share, compared to a profit of $252.29 million or $1.85 per share in the same quarter last year.

On an adjusted basis, the company reported net income $276 million or $2.11 per share, up from $195 million or $1.44 per share in the prior year quarter. On average, 22 analysts polled by First Call/Thomson Financial expected earnings of $2.02 per share.

Revenues for the quarter rose to $1.25 billion from $996.96 million in the comparable quarter a year-ago. Nineteen Wall Street analysts had consensus revenue estimate of $1.21 billion.
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Re: Master Card (MA)

Postby millionairemind » Thu Jul 31, 2008 9:38 pm

MA kena hammered.. down 11%!!! :shock:
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Re: Master Card (MA)

Postby millionairemind » Tue Aug 03, 2010 8:40 pm

Aug 3, 2010
MasterCard Q2 profit up 7%

NEW YORK - MASTERCARD Inc says an increase in international transactions, price increases and cost cutting helped lift its second quarter profit by 7 per cent.

Worldwide purchasing volume rose 8 per cent, while the number of transactions the company handled was basically flat. US credit card use edged down and debit card use was flat.

Worldwide, it says both credit and debit card use showed solid gains.

The Purchase, New York, payments processor says net income rose to US$458 million (S$619.3 million), or US$3.49 per share, from US$349 million, or US$2.67 per share, a year ago.

Revenue rose 7 per cent to US$1.37 billion (S$1.85 billion). Wall Street expected earnings of US$3.33 per share on revenue of US$1.38 billion.

Its shares slipped 9 cents to US$202.43 in premarket trading. -- AP
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Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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Re: Master Card (MA)

Postby winston » Wed Sep 15, 2010 9:37 pm

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MasterCard sees 20 percent profit growth for 2010

MasterCard expects its net income to rise at least 20 percent this year, helped by a small boost from foreign exchange and a modest decline in expenses.

That puts the Purchase, N.Y.-based payments processor's forecast at about $1.76 billion net income for 2010.

That's slighty below Wall Street's average projection for net income of $1.77 billion.

Long-term, MasterCard Inc. said it's aiming for revenue growth between 12 and 14 percent for 2011 to 2013, and earnings per share growth of 20 percent.

The gains will come from worldwide growth of card- and electronic-based payments systems, reflecting what CEO Ajay Banga calls the "war on cash."

In pre-market trading, MasterCard shares added $3.51 to $203.26.

Source: AP News
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Re: Mastercard (MA)

Postby winston » Wed Nov 02, 2011 8:25 pm

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MasterCard reports higher quarterly net income

(Reuters) - MasterCard Inc <MA.N> reported higher third quarter profits on Wednesday which easily beat Wall Street estimates, on double-digit increases in volumes.

Shares rose 4.7 percent in pre-market trading on the news.

The Purchase, New York-based card processing company reported net income of $716 million, or $5.63 per share, up from $519 million, or $3.94 per share, a year before.

Analysts had estimated MasterCard would earn $4.82 per share, according to Thomson Reuters I/B/E/S.

MasterCard has increased its efforts to poach U.S. business from rival Visa Inc <V.N>, just as Visa is expanding its international business.

Within the last year, MasterCard has signed contracts with banks like SunTrust Banks Inc <STI.N> to process card transactions, gaining clients that once worked with Visa.

MasterCard shares have risen 50 percent this year, bucking a broader, year-long decline in financial services stocks.

Source: Reuters US Online Report Business News

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Re: Mastercard (MA)

Postby winston » Thu May 07, 2015 8:43 pm

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MasterCard doubles card numbers in Middle East, Africa BY TOM ARNOLD

(Reuters) - MasterCard Inc (MA.N) has doubled the number of its cards to about 100 million in the Middle East and Africa in the past three years, where it has begun setting up partnerships with governments to provide access to its payments system.

That is still a small share of MasterCard's around 2.2 billion cards in use globally. But there is plenty of room for growth in a region where about 90 percent of transactions are still done in cash, compared with an average of 85 percent globally.

"This is the fastest growing region," Michael Miebach, president, Middle East and Africa for MasterCard worldwide, told Reuters. "We continue to expect growth above the global average."

In March, the world's second biggest debit and credit card company signed an agreement with the Egyptian government to issue digital identification cards with built-in payment devices to 54 million Egyptians, enabling them to pay for government fees, mobile phone bills, shop purchases and other goods and services.

The scheme links consumers' identification cards with an existing payment platform on mobile phones.

MasterCard has a pilot of a similar plan with the government of Nigeria, which also has a low rate of "financial inclusion."

"We see in the Middle East as well as Africa a fairly high cash dominance. If you go to Nigeria it is about 94 percent cash."

MasterCard and larger rival Visa Inc (V.N) get more than 60 percent of revenues from outside the United States. Less than a third of MasterCard's come from Asia Pacific, Middle East and Africa. PayPal, the payments arm of eBay (EBAY.O), is also active in the region.

MasterCard's first-quarter results, published last month, showed that purchase volumes in Asia Pacific, Middle East and Africa rose by 15.2 percent, faster than the 11.8 percent figure for worldwide volumes.

The size of transactions in the region increased by 20.9 percent, versus a 15 percent rise globally.

Within the Middle East and Africa, Saudi Arabia and the United Arab Emirates were among the fastest growing markets, Miebach said. In the UAE, robust spending by Chinese helped to offset weakness in transactions volumes by Europeans and Russians as a result of softness in the euro and rouble against the U.S. dollar, he said.

Across the Middle East and Africa, business had been faster in debit cards than credit cards, with expansion also driven by popularity of prepaid cards, he said.

Last month, MasterCard did a deal with Premier Bank in Somalia to issue debit cards and install ATM machines in the country.

Miebach also said growth was strong in Sub-Saharan Africa, supported by buoyant economies and people switching from cash to cards.

Source: Reuters
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Re: Mastercard (MA)

Postby winston » Fri Jun 12, 2015 8:37 pm

Credit-card company MasterCard hits a new all-time high.
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Re: Mastercard (MA)

Postby winston » Fri Nov 13, 2015 8:31 am

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Large-Cap Stocks to Own: MasterCard (MA)

You also have a choice when it comes to this last selection, but I’m going to suggest MasterCard (MA) over Visa (V), although truthfully, either one works.

MasterCard is 40% smaller in market cap, but has slightly better-quality earnings and balance sheet.

In this case, you are dealing with an effective duopoly. Yes, there are other players like Discover (DFS) and American Express (AXP), but V and MA are really the big players, and they just continue to expand their offerings.

I also believe that the financial services sector is going to be innovating and adding more products for consumer in the coming years, and these two firms will be leading the charge.

The other exciting thing for both of these companies is that China has finally opened up to them. They don’t have to joint-venture with existing, government-controlled UnionPay. They can operate on their own, in competition with UnionPay and other online payment companies.

Source: Investor Place
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Re: Mastercard (MA)

Postby winston » Fri Jan 29, 2016 9:38 pm

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MasterCard profit rises 11.1 percent as purchase volumes jump

MasterCard Inc (MA.N), the operator of the world's second-largest payments network, reported an 11.1 percent rise in quarterly profit as purchase volumes rose.

The company's net income rose to $890 million, or 79 cents per share, in the fourth quarter ended Dec. 31 from $801 million, or 69 cents per share, a year earlier.

MasterCard's gross dollar volume — the total value of transactions made by its customers — rose 12 percent to $1.2 trillion on a local currency basis.

Source: Reuters
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Re: Mastercard (MA)

Postby winston » Fri Jan 29, 2016 9:38 pm

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MasterCard profit rises 11.1 percent as purchase volumes jump

MasterCard Inc (MA.N), the operator of the world's second-largest payments network, reported an 11.1 percent rise in quarterly profit as purchase volumes rose.

The company's net income rose to $890 million, or 79 cents per share, in the fourth quarter ended Dec. 31 from $801 million, or 69 cents per share, a year earlier.

MasterCard's gross dollar volume — the total value of transactions made by its customers — rose 12 percent to $1.2 trillion on a local currency basis.

Source: Reuters
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