MasterCard Decelerates, Sending Shares Lower

MasterCard (MA) shares slid 2.7% in early trading on Wednesday after the company’s pulled in less revenue than analysts had expected. MasterCard posted $5.65 of EPS after excluding charges due to a settlement with merchants over swipe fees, beating analysts’ expectations for $5.57. Purchase volume rose 13%, below the 17% rate from the first quarter, [...]