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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (12922)	1/31/2008 8:44:53 AM
From: Smiling Bob	Read Replies (1) \| Respond to of 19257

MA - moving up pm-200.55 -earnings .89 vs 72 estimate- Virtual guarantee it does not stick. Just like the rising use overseas won't stick. close in the red. --- MasterCard Profit Up on Card Use Abroad Thursday January 31, 8:27 am ET By Madlen Read, AP Business Writer MasterCard's Profit Soars on Rising Card Use Overseas, Sales of Stake in Brazil Company NEW YORK (AP) -- Credit card processor MasterCard Inc. said Thursday that strong spending abroad and its sale of stock in a Brazilian company boosted profit in the fourth quarter by about seven-fold. Its shares rose about 3 percent in premarket trading. ADVERTISEMENT The Purchase, N.Y.-based company said profit in the October to December period rose to $304 million, or $2.26 a share from $40.9 million, or 30 cents a share, a year ago. The latest results include an after-tax gain of $185 million from sales of the company's stake in Redecard SA, a company that signs up merchants in Brazil. Excluding that gain, profit came to 89 cents per share. Revenue rose nearly 28 percent to $1.07 billion from $839.2 million a year ago. The results beat estimates. Analysts polled by Thomson Financial predicted earnings of 72 cents per share on revenue of $984.8 million. Those estimates typically exclude one-time gains or losses. MasterCard's full-year profit was $1.09 billion, or $8.00 a share, on revenue of $4.07 billion. MasterCard shares rose $5.75 to $194.75 in premarket trading. They are still well below their Dec. 11 all-time high of $227.18.