On Wednesday global payment and financial service company Mastercard Inc (MA) reported a rise in third quarter profit on higher revenues, beating analysts estimates.
The Purchase, New York based company reported third quarter earnings of $772 million, or $6.17 per share, up 7.7% from $717 million, or $5.63 per share, a year earlier. Analysts polled by Bloomberg expected Mastercard to earn $5.92 per share.
The company reported a 5% increase in revenue to $1.92 billion, up from $1.82 billion a year ago. Wall Street analysts expected revenue to be $1.94 billion.
Mastercard shares were down $1.79, or -0.40%, in premarket trading on Wednesday.
Mastercard Inc (MA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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