MasterCard Beats On Earnings, Misses On Revenue
MasterCard (MA) fell slightly short of Wall Street's revenue estimates this morning as it reported a 5% gain in the third quarter from the year earlier to $1.92 billion. But it beat on the bottom line, with earnings of $6.17 a share vs. analysts' estimates of $5.92. Shares rose in early morning trading. Visa (V) reports its September ending quarter later today. Analysts had already factored in slower revenue growth for MasterCard since the company
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