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MasterCard enjoys a strong start to fiscal 2014
Despite what president and CEO Ajay Banga called a “mixed global economy,” MasterCard Incorporated kicked off the year with a strong quarter.
The company reported net income of $870 million, up 14%, and earnings per diluted share of $0.73, up 18%, in each case versus the year-ago period.
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Kellogg makes 'great' progress with Project K
Kellogg Company said that its first-quarter results for earnings per share were greater than the company's expectations, while results for operating profit were in-line with expectations, thanks in part to Project K — the company’s global cost-cutting initiative.
Net sales for the quarter decreased 3.1% to $3.7 billion. Internal net sales, which exclude the effects of foreign currency translation, acquisitions, dispositions and integration costs, decreased 2.4% over the same period.