MasterCard (MA +0.6%) warns at an investor meeting that second-half revenue growth will come in...


MasterCard (MA +0.6%) warns at an investor meeting that second-half revenue growth will come in lower than the pace it saw in Q2. The core of the problem could be that it sees worldwide processed transaction growth falling to 24.9%, down from its previous pace of 29.3%. The company also cites foreign exchange as a headwind, forecasting a 5-6 ppt negative effect in Q3 and 3-4 ppt in Q4. (webcast, slides)

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