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PURCHASE, N.Y. (AP) — PURCHASE, N.Y. (AP) — MasterCard Inc. (MA) on Thursday reported first-quarter net income of $2.36 billion.
On a per-share basis, the Purchase, New York-based company said it had profit of $2.47. Earnings, adjusted for non-recurring costs, came to $2.80 per share.
The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.71 per share.
The processor of debit and credit card payments posted revenue of $5.75 billion in the period, which also beat Street forecasts. Twelve analysts surveyed by Zacks expected $5.63 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a MA">Zacks stock report on MA at https://www.zacks.com/ap/MA