UPDATE: MasterCard Posts Downbeat Q4 Profit
January 31, 2014 at 08:21 AM EST
MasterCard (NYSE: MA ) reported a 3% rise in its fourth-quarter profit. MasterCard's quarterly profit surged to $623 million, or $0.52 per share, from a year-ago profit $605 million, or $0.49 per share. Its revenue gained 12% to $2.13 billion. However, analysts were expecting a profit of $0.60 per share