MasterCard beats Street 3Q forecasts

Markets Associated Press

MasterCard Inc. (MA) on Tuesday reported third-quarter earnings of $1.43 billion.

Continue Reading Below

On a per-share basis, the Purchase, New York-based company said it had net income of $1.34.

The results surpassed Wall Street expectations. The average estimate of 18 analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share.

The processor of debit and credit card payments posted revenue of $3.4 billion in the period, which also topped Street forecasts. Ten analysts surveyed by Zacks expected $3.29 billion.

MasterCard shares have risen 44 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 15 percent. The stock has increased 39 percent in the last 12 months.


Continue Reading Below

This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on MA at