Wednesday, November 2, 2011

Mastercard beats...stock flies...

MasterCard (MA): Q3 EPS of $5.63 beats by $0.82. Revenue of $1.81B (+27.3% Y/Y) beats by $100M.

Gross dollar volume of transactions grew 18.1% Y/Y, up from Q2's 16.4%. 13.6% growth in U.S. dollar volume, 20.4% growth in international volume. Processed transactions rose 20.5%, up from Q2's 17.4%. Free cash flow was $991M, up 72% Y/Y.

MA is currently up 27.72 to 362.02

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