MasterCard reports a third-quarter loss

MasterCard reports a third-quarter loss
# 04 November 2008 09:25 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. In the July-to-September period, MasterCard Inc. lost $193.6 million, or $1.49 per share, compared with a profit of $314.5 million, or $2.31 per share, a year earlier, said the company in a statement.
Net revenue for the third quarter of 2008 was $1.3 billion, a 23.6% increase versus the same period in 2007. Currency fluctuations (driven by movement of the euro and the Brazilian real relative to the U.S. dollar) contributed 3.5 percentage points of the increase in net revenue for the quarter.
MasterCard Incorporated advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 18 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Through its family of brands, including MasterCard(R), Maestro(R) and Cirrus(R), MasterCard serves consumers and businesses in more than 210 countries and territories.
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