Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Visa    V

VISA (V)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

MasterCard profit rises 21 percent, beats estimates

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/02/2012 | 05:31pm CET
MasterCard credit cards are seen in this illustrative photograph

MasterCard Inc (>> Mastercard Inc), the world's second-largest credit and debit card network, reported a 21 percent rise in quarterly profit as consumers spent more with their cards and revenue rose faster than expenses.

MasterCard Inc (>> Mastercard Inc), the world's second-largest credit and debit card network, reported a 21 percent rise in quarterly profit as consumers spent more with their cards and revenue rose faster than expenses.

Executives cautioned, however, that such gains are less likely over the rest of the year because of the strength of the business in the latter parts of 2011, and given doubts about consumer confidence in the United States and in Europe.

MasterCard shares fell 2.6 percent to $445.59 in morning trading on the New York Stock Exchange. Stocks fell broadly after disappointing news on manufacturing in Europe and private-sector job growth in the United States.

CEO Ajay Banga said that while U.S. consumer confidence has been roughly flat for two months, it is still higher than a year ago. Consumer spending in the United States, MasterCard's home market, was up in all 11 categories the company tracks in the first quarter and was strongest at restaurants and at apparel, hardware and electronics stores, Banga said in a conference call.

Cardholders made $629 billion of purchases worldwide during the first quarter, up 17 percent from a year earlier, MasterCard said.

Card payments outside the United States grew 20.6 percent, based on local currencies, compared with 14 percent growth in the United States.

The number of transactions processed increased 29 percent to 7.7 billion, the fastest rate of growth since MasterCard went public in 2006. The increase reflects, in part, the increasing movement of consumers globally to making payments electronically instead of with paper currency.

Net income was $682 million, or $5.36 a share, compared with $562 million, or $4.29 a share, a year earlier, the Purchase, New York-based company reported on Wednesday.

Analysts on average had expected $5.30 a share, according to Thomson Reuters I/B/E/S.

MasterCard net revenue, adjusted for an acquisition, grew faster than expenses, rising 16 percent while operating expenses increased 9 percent.

Visa Inc (>> Visa Inc.), MasterCard's larger rival in card payment processing networks, is scheduled to report its quarterly results following the close of New York Stock Exchange trading.

(Reporting by David Henry in New York; Editing by Lisa Von Ahn and John Wallace)

By David Henry

Stocks treated in this article : Mastercard Inc, Visa Inc.
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on VISA
09:33a COMMONWEALTH BANK OF AUSTRALIA : Acquires 3,782 Shares of Visa Inc.
12/07 VISA : Debuts an Interactive Shopping Experience for the Olympic Winter Games Py..
12/07 VISA : See, Hear and Feel the Evolution of Visa Through Sensory Branding
12/04 Ibm Retirement Fund Upped Ingersoll (IR) Position; Visa (V) Has 1.13 Sentimen..
11/29 VISA : US, China & France Represent Top Three Spenders Among Visitors to Canada ..
11/29 LANKAN CONSUMERS KEEN TO ADOPT DIGIT : Visa survey
11/28 VISA : Readies Digital Payments for the Projected 500,000 Visitors Traveling to ..
11/28 VISA : Readies Digital Payments for the Projected 500,000 Visitors Traveling to ..
11/22 VISA : Should You Buy BlackBerry Ltd, salesforce, Micron, Palo Alto Networks or ..
11/22 VISA : Investments Into Fintech Market Remains Strong
More news
News from SeekingAlpha
12/11 American Express As A Dividend Income Investment
12/11 PAYPAL : Evaluating Performance, Growth, And Valuation After The Dip
12/06 MASTERCARD : Is The Recent Pullback A Buying Opportunity?
12/05 November Dividend Income Report
12/04 NOVEMBER PORTFOLIO UPDATE : A Lot To Be Thankful For
Financials ($)
Sales 2018 20 097 M
EBIT 2018 13 763 M
Net income 2018 9 365 M
Debt 2018 10 195 M
Yield 2018 0,71%
P/E ratio 2018 27,79
P/E ratio 2019 23,88
Capi. / Sales 2018 13,2x
Capi. / Sales 2019 11,4x
Capitalization 255 B
Chart VISA
Duration : Period :
Visa Technical Analysis Chart | V | US92826C8394 | 4-Traders
Technical analysis trends VISA
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 41
Average target price 122 $
Spread / Average Target 8,5%
EPS Revisions
Managers
NameTitle
Alfred F. Kelly Chief Executive Officer & Director
Ryan McInerney President
Robert W. Matschullat Independent Chairman
Vasant M. Prabhu Chief Financial Officer & Executive Vice President
Rajat Taneja Executive Vice President-Technology
Sector and Competitors
1st jan.Capitalization (M$)
VISA44.32%254 652
MASTERCARD44.75%158 683
PAYPAL HOLDINGS86.70%87 631
PALO ALTO NETWORKS INC14.22%13 222
MIMECAST LTD59.27%1 647
XIAMEN MEIYA PICO INFORMATION CO LTD--.--%1 511