"Global growth boosts MasterCard 4Q net income" by Daniel Wagner | Associated Press, February 01, 2013
NEW YORK — MasterCard’s net income rebounded in the fourth quarter as its overseas business continued to expand, the company said....
Net income rose to $605 million...
Revenue rose to $1.90 billion....
MasterCard processed 20 percent more transactions than a year before; it is expanding most quickly in Latin America and the region that includes Asia, the Middle East, and Africa.
For all of 2012, MasterCard earned $2.76 billion....
During the most recent quarter, management repurchased about 1.3 million shares of the company for $613 million. Repurchasing shares is a way of returning profits to shareholders. It boosts the value of each share that remains in investors’ hands....
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Related:
"MasterCard 1Q profit rises, but economy ‘choppy’
MasterCard Inc. said profit and revenue rose in the first quarter as card users spent more. Profit of $766 million, up 12 percent, beat the forecasts, though revenue missed despite having risen 8 percent to $1.9 billion. Company executives sketched a picture of a mixed global economy and a US consumer suffering from January’s payroll tax hike. The US economy ‘‘was definitely very choppy,’’ CFO Martina Hund-Mejean said. She expects the current quarter to be unsettled, too."
