Wednesday, August 02, 2006


Consumers definitely went on a charging binge with their credit cards in Q2. Today, MasterCard International (Ticker: MA) reported a blow out earnings report. The company reported earnings per share of $0.74, which beat the Street estimate of $0.67. The company also reported revenues of $846 million versus estimates of $802 million. Investors were very happy with this report sending the stock up 11.16%. This company is a cash generating machine. For every $100 in charges, the company pockets $0.15 to $0.20. That’s a nice little printing press. Ok tomorrow, Invitrogen (Ticker: IVGN) will report. My gut tells me that it’ll be good.


Post a Comment

<< Home