International Business Times logo International Business Times 3 weeks ago

MasterCard sees higher marketing costs, stock down

MasterCard's outlook overshadowed better-than-expected quarterly earnings boosted an aggressive 29 percent cut in marketing expenses, higher fees to banks, and a more intense use of debit cards. Full Article at International Business Times

Related Topics:

  1. MasterCard
  2. NYSE
  3. United Services Automobile Association

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Related Quotes

  1. The quarter was a blowout, but then they did caution that marketing expenses are going to be up significantly in the fourth quarter and the rebates and incentives are also going to be up significantly in the fourth quarter
    Greg Smith – Greg Smith SOURCE: International Business Times 3 weeks ago
  2. The quarter wasn't quite as good as it looked when taking into the context much higher marketing expenses and rebates and incentives in the fourth quarter ... While they dramatically beat third quarter expectations, you will probably see analysts lowering estimates for the fourth quarter.
    Greg Smith – Greg Smith SOURCE: International Business Times 3 weeks ago
  3. We have been consulting with the stakeholders and the participants so that we get the results right, and we have spent a great deal of time on that
    Jim Flaherty – Jim Flaherty SOURCE: Toronto Star 4 weeks ago
  4. Some merchants felt what they were doing was simply upgrading their systems to accept (micro) chip (debit and credit cards) and they found out after the fact that they also enabled Visa debit
    SOURCE: Toronto Star 4 weeks ago
View all Related Quotes »
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  1. CAPE TOWN, WESTERN CAPE - OCTOBER 31: Trinny Woodall hosts MasterCard's Style in the City at the V&A Waterfront on October 31, 2009 in Cape Town, South Africa.
  2. A model presents a creation from Laperla fall/winter 2009 collection during a fashion show at the MasterCard Luxury Week in Hong Kong August 25, 2009.
  3. SUNNINGDALE, ENGLAND - JULY 26: Greg Norman of Australia acknowledges the crowd during the final round of The Senior Open Championship presented by MasterCard held on the Old Course at Sunningdale Golf Club on July 26, 2009 in Sunningdale, England.
  4. SUNNINGDALE, ENGLAND - JULY 24: Fred Funk of the USA waves to the crowd after holing his second shot for an eagle on the 18th hole during the second round of The Senior Open Championship presented by MasterCard held on the Old Course at Sunningdale Golf Club on July 24, 2009 in Sunningdale, Engl...
  5. SUNNINGDALE, ENGLAND - JULY 23: Fred Funk of US in action during the first round of The Senior Open Championship presented by MasterCard held on the Old Course, Sunningdale Golf Club on July 23, 2009 in Sunningdale, England.
  6. HUIXQUILUCAN, MEXICO - MARCH 22: Pat Hurst of the USA hits her tee shot on the 16th hole during the final round of the MasterCard Classic at the BosqueReal Country Club on March 22, 2009 in Huixquiucan, Mexico.
  7. HUIXQUILUCAN, MEXICO - MARCH 21: Pat Hurst of the USA points to the fairway on the 17th hole during the second round of the MasterCard Classic at the BosqueReal Country Club on March 21, 2009 in Huixquiucan, Mexico.
  8. HUIXQUILUCAN, MEXICO - MARCH 20: Vicky Hurst of the USA hits a shot to the fourth green during the first round of the MasterCard Classic at the BosqueReal Country Club on March 20, 2009 in Huixquiucan, Mexico.
  9. HONG KONG - AUGUST 28: A model showcases Fall Winter 2008 collection designs from Marc By Marc Jacobs on the catwalk during the third day of MasterCard Luxury Week Hong Kong 2008 at the MasterCard Collection Showroom at The Four Seasons on August 28, 2008 in Hong Kong.

Cast of Characters

  1. MasterCard MasterCard
  2. Global Payments Inc.
  3. NYSE NYSE
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  6. Home Depot, Inc. Home Depot, Inc.