Mastercard’s income rises as consumer spending goes up. Unless you’re Fox Business.

mastercard q3 profits

Mastercard's income seems to be on the rise, as sure a sign as any of a return to consumer confidence.

Unless you're Fox, in which case reporting  a rise in consumer spending might indicate something positive for the economy, and that wouldn't play too well with the Romney camp a week ebfore the election…(Did I just say that? Did I just suggest that? Good lord and here we are supposedly an impartial news…oh, hangon, we're a blog, aren't we and therefore subject to some degree of opinion…)

 

Seriously tho, can anyone else find a negative spin on this story in any other outlet? I couldn't…

 

MasterCard’s income rises on international growth

San Francisco Chronicle 

MasterCard’s net income rose strongly in the third quarter as its overseas business thrived, the company said Wednesday. The payments company’s business grew by virtually every measure. It processed 8.7 billion transactions, an increase of 24 percent over

MasterCard 3Q Profit Beats as Customers Boost Card Use

Fox Business 

MasterCard (MA) revealed mixed third-quarter results on Wednesday but said both sales and earnings climbed year-over-year as confident consumers used credit cards more frequently. The Purchase, N.Y.-based global payments company posted net

MasterCard Profit Beats Estimates as Consumer Spending Rises

Businessweek 

MasterCard Profit Beats Estimates as Consumer Spending Climbs. MasterCard, ranked No. 2 globally by processed transactions, risks losing its standing as the second-biggest payments network in terms of total spending to Shanghai-based China UnionPay

MasterCard revenue misses for second time as consumer spending slows

Fox Business (this story was posted first)

Payment network MasterCard Inc’s quarterly revenue missed analysts’ estimates for the second time in a row as consumers held back on spending. Third-quarter revenue rose 5 percent to $1.92 billion, but fell short of the $1.94 billion analysts had expected.

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