MasterCard, headquartered in Purchase, reported profit rose 17 percent during the second quarter, from $608 million, or $4.76 per share, a year ago to $700 million, or $5.55 per share.
Revenue was up 9 percent from a year earlier, to 1.8 billion. Volume was up 15 percent, processed transactions rose almost 30 percent, and cross-border volumes were up 17 percent. Worldwide purchase volume was up 13 percent to $661 billion.
For the six month period ending June 30, revenue was up 13 percent to $3.6 billion. Earnings were $1.4 billion, or $10.91 a share, up from $1.2 billion, or $9.05, in the first half of 2011. Analysts say the weak economy as well as higher rebates and incentive payments are cause for concern about how much growth the company will be able to achieve this year.
