MasterCard profit rises 10 percent as card usage grows

(Reuters) - MasterCard Inc, the world's second-largest debit and credit card company, posted a better-than-expected 10 percent rise in quarterly profit, as more customers used its cards to make purchases. MasterCard shares were up 2.8 percent at $78 in trading before the bell on Thursday. The company's net income rose to $931 million, or 80 cents per share, in the second quarter ended June 30, from $848 million, or 70 cents per share, a year earlier. Net revenue rose 13.4 percent to $2.38 billion. Analysts on average had expected the company to earn 77 cents per share, on revenue of $2. ...

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