The owner of the second-biggest payments network said it won’t meet its long-term revenue forecast and posted profit that disappointed investors. Fourth-quarter net income climbed 23 percent to $294 million, or $2.24 a share, from a year earlier, but the average estimate of analysts surveyed by Bloomberg was for earnings of $2.48. MasterCard’s results were hurt by a $38 million ... (Full article: 77 words)
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