MasterCard 3Q earnings beat expectations

Earnings HQ: FBN's Lori Rothman breaks down MasterCard's third-quarter earnings report.

MasterCard Profit Jumps as Card Usage Rises

Features Reuters

MasterCard Inc, the world's second-largest debit and credit card company, posted a 15.5 percent rise in quarterly profit as more customers used its cards to make purchases.

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The company's net income rose to $1.02 billion, or 87 cents per share, in the third quarter ended Sept. 30 from $879 million, or 73 cents per share, a year earlier.

Net revenue rose 12.8 percent to $2.5 billion.

(Reporting by Amrutha Gayathri in Bangalore; Editing by Sriraj Kalluvila)