MasterCard: Q1 Earnings Snapshot
PURCHASE, N.Y. (AP) — PURCHASE, N.Y. (AP) — MasterCard Inc. (MA) on Thursday reported first-quarter profit of $3.28 billion.
On a per-share basis, the Purchase, New York-based company said it had net income of $3.59. Earnings, adjusted for non-recurring costs, were $3.73 per share.
The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $3.57 per share.
The processor of debit and credit card payments posted revenue of $7.25 billion in the period, which also topped Street forecasts. Ten analysts surveyed by Zacks expected $7.12 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MA at https://www.zacks.com/ap/MA