PURCHASE, N.Y. (AP) _ MasterCard Inc. (MA) on Friday reported third-quarter earnings of $1.18 billion.
On a per-share basis, the Purchase, New York-based company said it had net income of $1.08.
The results topped Wall Street expectations. The average estimate of 18 analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share.
The processor of debit and credit card payments posted revenue of $2.88 billion in the period, which also topped Street forecasts. Thirteen analysts surveyed by Zacks expected $2.74 billion.
MasterCard shares have risen slightly more than 6 per cent since the beginning of the year, while the Standard & Poor’s 500 index has climbed slightly more than 4 per cent. The stock has risen slightly more than 5 per cent in the last 12 months.
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
Keywords: MasterCard, Earnings Report, Priority Earnings