MasterCard Quarterly Profit Climbs as Consumers Boost Spending

August 3, 2010  |  

(Businessweek) — MasterCard Inc., the world’s second- biggest payments network, posted a 31 percent increase in second-quarter profit that exceeded most Wall Street estimates as more consumers paid with plastic. Net income rose to $458 million, or $3.49 per diluted share, compared with $349.1 million, or $2.67, a year earlier, the Purchase, New York-based company said today in a statement. The average estimate of 31 analysts surveyed by Bloomberg was for earnings per share of $3.34.

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