NEW YORK (Reuters) - MasterCard Inc expects its earnings per share to grow at a compound annual rate of over 20 percent for 2011 through 2013, the company said on Wednesday.
MasterCard, the world's second-largest credit and debit processing network, outlined its targets for 2011 through 2013 in a regulatory filing before it began hosting a meeting of its investors on Wednesday.
The company also said it expects its net revenue compound annual growth rate to be 12 to 14 percent for 2011 through 2013.
It expects its annual operating margin to be "a minimum of 50 percent," MasterCard said in the filing.
MasterCard said on Tuesday that its board had authorized a $1 billion share buyback program.
The company's shares closed at $199.75 on Tuesday.
(Reporting by Maria Aspan, editing by Dave Zimmerman)
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