Shares of Mastercard (NYSE:MA) are charging ahead more than 8% in early trading. The company reported third quarter earnings Wednesday morning. Net income increased to $717 million ($5.63 per share), compared to $518 million ($3.94 per share) last year. Analysts were only expecting about $4.81 earnings per share. Visa (NYSE:V) and Capital One Financial (NYSE:COF) are also trading higher.
Investing Insights: MasterCard Incorporated Earnings Cheat Sheet: Beats Analysts’ Estimates.
Molson Coors Brewing (NYSE:TAP) is attracting attention this morning after reporting third quarter earnings. Net income fell to $197.4 million ($1.06 per share), compared to $256.1 million ($1.37 per share) last year. Shares are edging down nearly 1%.
IntercontinentalExchange Inc. (NYSE:ICE) is climbing higher after reporting a 38% surge in third quarter earnings. The company posted a profit of $132.6 million based on a jump in the operator’s daily trading volume.
After reporting a 29% fall in third quarter income, Foster Wheeler (NASDAQ:FWLT) is down more than 6% at the open. The company reported earnings of $36.9 million (31 cents per share), compared to $51.7 million (41 cents per share) last year.
AOL Inc. (NYSE:AOL) is jumping 5% despite reporting a third quarter loss of $2.6 million (2 cents per share). The quarter included a $7.1 million restructuring charge. Google (NASDAQ:GOOG) and Yahoo! (NASDAQ:YHOO) are also trading higher. Dig Deeper: AOL Inc. Earnings Cheat Sheet: Fifth Straight Quarter of Shrinking Margins.
Time Warner Inc. (NYSE:TWX) is down nearly 1% after reporting a 57% gain in profits for the most recent quarter. Revenue also increased by 11%, due to higher revenues at the filmed division and networks segment. Don’t Miss: Time Warner Inc. Earnings Cheat Sheet: Revenue Growth Drives Margin, Profit Increases.